The capacity of installed solar energy facilities in Ukraine will increase up to 3 GW by 2020. Vitaliy Daviy, CEO of IB Center Europe, made such forecast for the development of the industry at CISOLAR 2019 the 8th Solar Energy Conference in Kiev.
As of April 1, 2019, more than 2.2 GW of solar energy facilities have been installed in Ukraine – this is 71% of all existing renewable energy sources.
The active development of the industry allowed Ukraine to go up from 34th to 23rd position in the solar energy global ranking.
Vitaliy Daviy, CEO at IB Centre Europe
“Between the events CISOLAR 2019 and CISOLAR 2020 we are waiting for the installation of 1 GW of solar energy facilities in Ukraine. A new legislative basis for auctions will be implemented, which will open guaranteed prospects for investors for the next long period of time (5-10 years), and the rules of the game will again be clear and even more investments will flow to Ukraine” – Vitaliy Daviy made a positive forecast.
The State Agency on Energy Efficiency of Ukraine noted that Ukraine has a high feed-in tariff which needs to be settled in a market-driven way that is through “green” auctions. Indeed, such a system will provide a fair market price for “green” electricity, transparent competition in the market, stable development of “clean” energy and guarantees to investors and financial institutions regarding project implementation.
Sergiy Savchuk, Head of the State Agency on Energy Efficiency of Ukraine
“The price should be fixed based on the auction system. At the same time, the investor should be protected” – said the Head of the State Agency on Energy Efficiency Sergey Savchuk.
Let us recall that the relevant law on green auctions was adopted on April 25, 2019. According to this law, the participation in auctions will be mandatory with effect from 2020 for solar power projects with a capacity exceeding 1 MW and wind power stations with a capacity exceeding 5 MW. Under the terms of the auction, the one who offers the lowest price will be able to sell “clean” electricity to the state.
Yevhen Metsger, Deputy Chairman of the Board of JSB “Ukrgasbank”
Yevhen Metsger, Deputy Chairman of the Board of JSB Ukrgasbank, showed positive results in the alternative energy financing sector. According to him, Ukrgasbank has funded 146 green energy projects, including 106 solar projects with total capacity of 688 MW, worth 527 million euros. As for home solar power plants, 190 SPP were funded for a total amount of 65 million UAH.
Industry experts have discussed not only promising opportunities for the development of solar energy in Ukraine, but have also revealed the risks Ukraine is facing on the path towards the effective development. In “Ukrenergo” they are concerned about the problem of balancing the energy system, since more technical requirements have been issued than this system can accept.
Vsevolod Kovalchuk, Director of SE NPC “Ukrenergo”
To the question “What will happen to the solar power industry next year?” Vsevolod Kovalchuk, director of SE NPC Ukrenergo, replied that it would already be impossible to hold auctions, attract investors and build new balancing fast capacities that would allow to smooth out fluctuations in the production of poorly predicted power generation. He commented on the matter:
“Starting from next year, Ukrenergo, as a system operator, will be forced to either restrict the power generation of nuclear power plants, or limit (where technically possible) the power generation of renewable energy facilities. Because we must ensure the security of the energy supply.”
Pranav Mehta, Chairman of Global Solar Council
China is the global market leader in solar energy. This was announced at the CISOLAR 2019 Conference by Pranav Mehta, Chairman of the Global Solar Council. He shared his experience and gave some advice to Ukraine to accelerate the development of solar energy:
“Ukraine has the potential and as a result, the question arises: how to learn from the experience of other countries, in particular India, China, the United States and how it can help. First of all, you need to have a huge desire in order to satisfy the need to attain 3 gigawatts, because Ukraine has a high potential for this. At the same time, I am happy that there are more and more home solar power stations in Ukraine, which is good, but their number should grow. It is important.”
Following the CISOLAR 2019 Conference, a draft of a new strategy aimed at achieving 100% renewable energy, including solar, in the overall energy balance of Ukraine was announced.
Sergiy Shakalov, CEO at KNESS
“A strategy is needed that will unite business, society and the state. 100% RES is our big goal. The cost of electricity after 2030 will be reduced” – Sergiy Shakalov, the CEO at KNESS, determined the industry development direction.
Philipp Leckebusch, CEO at DTEK Renewables
Philipp Leckebusch, the CEO at DTEK Renewables, noted that Ukraine is now at the stage of development of solar energy which Europe passed 7-10 years ago. At the same time, Ukraine offers one of the most attractive investment structures in Europe for the development of the industry. Indeed, favorable conditions were created here: availability of resources and land plots, feed-in tariff, government support and a targeted energy strategy – the objective to reach 25% of clean energy production by 2035.
CISOLAR 2019 gathered over 450 participants representing big business and small and medium sized businesses. The solar energy market is the market of the right economic platform that creates equal opportunities for participants of any scale.
“I am pleased that CISOLAR is a platform for all of them. Definitely, we are writing a new page for the development of the solar industry in Ukraine, because there are a lot of difficult and not simple issues in terms of legislative initiatives, further policies, technological constraints, and so on. It is expected that CISOLAR 2020 will be an even bigger event and we will discuss fundamentally different topics: what are the technological constraints for the implementation of new projects” – said Vitaly Daviy, the CEO at IB Center.
CISOLAR 2019, the 8th International Conference and Trade Show of Solar Energy in Central and Eastern Europe, the main industry event, took place on April 16-18. The event was attended by over 450 delegates, 56 speakers from 30 countries, more than 100 companies that introduced the latest equipment, innovative technologies and unique solutions, as well as over 4,000 visitors of the exhibition. At the business conference, supporters of the solar industry discussed all the most pressing issues regarding legislation, financing, prospects, risks of the industry development, its features and vision of solar energy in the future for effective and confident progress.
CISOLAR 2019 Conference
The organizer and producer of CISOLAR 2019 is Innovative Business Centre (IB Centre).
The coming up industry event from IB Center – SEF 2019 KYIV, the 11th International Sustainable Energy Forum and Trade Show of Central and Eastern European will be held in Kiev, on October 16-18, 2019.
Radisson Hotel Group is proud to be the world’s first hotel group to make all meetings and events across 400+ hotels in its EMEA portfolio carbon negative. For every event taking place at its participating hotels, Radisson Hotel Group will offset double the carbon footprint, to ensure that every meeting has a positive impact on […]
During trading on Monday, October 11, the price of a barrel of Brent oil rose by 2% to $ 84.01. She reached this mark for the first time since October 2018. US WTI oil rose by $ 1.62 to $ 81.3 – the highest price since 2014, according to Reuters. It is noted that Brent […]
The agreement on a single corporate tax rate of at least 15 percent was signed by 136 states, which account for more than 90 percent of world GDP. The agreement is aimed at combating tax evasion by international corporations. The initiative was also signed by countries that were initially opposed to tax reform, such as […]
The savings of Ukrainian citizens outside the banking system are estimated at $ 30-35 billion. This estimate was given by the chairman of the National Bank Kyrylo Shevchenko during the Kyiv Economic Forum. There are different estimates of the “gray” economy. We in the National Bank believe that this is up to 30% of GDP. […]
During the week, the National Bank of Ukraine bought $ 228 million on the interbank foreign exchange market. At the same time, the central bank did not sell currency on the interbank market. So the NBU continued to buy currency on the interbank market, the bank increased it compared to last week ($ 15 million) […]
The new Tesla factory in Berlin may release the first electric cars next month. CEO Elon Musk stated this. Speaking at the plant, Musk said he hoped to get the green light to begin production in the coming weeks. The last consultation on public concern about the plant ends on October 14, after which the […]
In China, two more developers are unable to repay their debts: Fantasia Holdings has been unable to repay bonds worth $ 205.7 million, and Sinic Holdings is uncertain about the repayment of $ 246 million in bonds, the BBC reports. The day before, trading in Evergrande shares was suspended on the eve of “an announcement […]
Telegram Messenger registered more than 70 million new users against the background of a large-scale failure of the social network Facebook and its services. The founder of the messenger Pavlo Durov announced this in his Telegram-channel. “Telegram’s daily growth rate is an order of magnitude higher than normal, and in one day we have received […]
According to Ukranian Agrarian Business Club (UABC), Ukraine possess the third place in buckwheat production in the world. China and Russia take the first and second place.The buckwheat production in Ukraine has been characterised by sharp fluctuations within 140-180 thousand tonnes. It was caused by the price of the cultivation. An internal consumption of buckwheat […]Next
The TMT Investments Company has sold a 7.1% stake in the Depositphotos company to the private European investor, whose name was not disclosed. The deal amounted to $ 5.85 million. Thus, the overall assessment of the Ukrainian company, according to the terms of this transaction, is approximately $ 82 million. TMT will use the proceeds […]Next
The American company Airbnb, which is the operator of the rental service of the same name, expects to raise $ 1 billion through an initial public offering (IPO). This is stated in a statement posted on Monday on the website of the Federal Securities and Exchange Commission. The company clarifies that its plans are “preliminary […]Next
The largest manufacturer of equipment for laboratory research Thermo Fisher, conclude a purchase deal to buy the Affymetrix company, which develops integrated solutions for genetic researches, for $ 1.3 billion cash. Following the announcement of the transaction, shares of the Affymetrix company sharply increased in price by 50%. Currently, Thermo Fisher estimates Affymetrix estimates at […]Next
The Cargill chances to prove the legitimacy of the withdrawal of assets from the Delta Bank in the amount of 2.5 billion USD are reducing. Yesterday, the Supreme Commercial Court partially satisfied the cassation of the liquidator Delta Bank, canceled the previous court decisions on the loan company “Yablunevyi dar” and returned the case in […]Next
On 23rd of November 2016 the Cabinet of Minister’s representatives have reported about the results in the sphere of business simplification in Ukraine . According to a report, 367 regulatory legal acts have been cancelled. It concerns a law system, notary service payment mechanism for the legal entities, agricultural sector, standard assessment calculation procedures of […]Next
The largest producer of oil Kernel increased its sales of sunflower oil for 7%, grain – felled by 6% in the II quarter of the 2016 fiscal year. Kernel, one of the largest Ukrainian agricultural groups, in the second quarter of fiscal year 2016, which began in July 2015, reduced its grain sales by 6% […]Next
Eli Lilly and Regeneron have applied to the Food and Drug Administration (FDA) for the permission to use emergency coronavirus drugs. Eli Lilly conducted clinical trials with the placebo group, as a result of which the drug has proven its antiviral action. Regeneron did not provide the research data, but the company’s drug was widely […]Next
Lantmannen AXA constantly strive to please our customers, therefore START packaging get the updated bright design! In a massive redesign START! all worked at every detail. And although the composition remained almost unchanged, each element became different. Company created completely different characters. Added contrast between the background, character and the plate. Changed the style of […]Next
Following the results of the first half of 2021 in Ukraine the outflow of investments proceeds, the chairman of Council of National Bank Bohdan Danylyshyn reported on Wednesday, August 4, on Facebook. According to him, foreign direct investment in the economy of Ukraine due to the participation of a direct investor in capital increased by […]Next
The Antimonopoly Committee of Ukraine (ACU) instituted a proceeding against JSC “Ukrtatnafta” for submitting the committee with incomplete information. As the press service of the AMC said, the committee is investigating part of case instituted on the grounds of violations of the legislation on the Protection of Economic Competition by the companies “Ukrtatnafta” JSC, “SPC-Galicia”, […]Next
By the end of this year, the German airline Lufthansa intends to reduce its foreign staff by 20 thousand people, as well as sell its LSG division, which deals with on-board catering, which employs 7.5 thousand people. Lufthansa subsidiaries Eurowings, Swiss, Austrian and Brussels Airlines are reducing the frequency of flights, fleets and staff amid […]Next
Intellias has been recognized among the best IT service companies according to the annual Best Employer Survey by EY Ukraine. During this survey, the industry’s professionals and students ranked the best IT employers and specified employer attractiveness criteria. Among other Top 10 IT employers the professionals also mentioned Ciklum, EPAM, Genesis, GlobalLogic, Google, Grammarly, MacPaw, […]Next
The American company Pfizer and the German BioNTech have applied to the European Medicines Agency for registration of their coronavirus vaccine. The announcement was published on the BioNTech website. “On Monday, November 30, Pfizer and BioNTech filed a formal application with the European Medicines Agency for a conditional authorization to use their COVID-19 candidate vaccine […]Next
Chinese e-commerce company JD.com Inc announced on Saturday that it will be the first platform in the country to accept China’s digital currency. The Central Bank of China will hold its second digital yuan lottery among citizens of Suzhou, near Shanghai on Friday. The total amount of playable digital yuan is 20 million ($ 3.06 […]Next
The financial conglomerate BNP Paribas (headquartered in Paris) acquired indirectly 11.42% of the British JKX Oil&Gas, which owns the Poltava Petroleum Company. This is stated in the message of the JKX Oil&Gas reported on the London Stock Exchange. The owner of the package of the JKX at a rate of 11,42% became the British company […]Next