Ukraine’s EU power plan impeded by subsidy backsliding
Kiev wants to modernise and decarbonise its power sector—but is scaring investors away by retroactively cutting subsidies for renewables
Ukrainian prime minister Denish Shmyhal recently set out plans for his country to join the EU’s Green Deal and synchronise its power system with the European grid by 2023. This seems easier said than done. Ukraine is primarily dependent on nuclear for power generation, accounting for c.50pc, but it is also reliant on coal for c.30pc, according to BP data. Renewables account for around 9pc and, excluding hydroelectricity, this falls to less than 5pc. Solar PV has been growing steadily in recent years, rising from negligible levels only a few years ago, and is fast approaching 6GW of installed capacity. Ukraine is targeting 25pc of renewables in its generation mix by 2035. Government subsidies
Also in this section
3 May 2024
Developers look to government’s forthcoming budget to restore support as industry suffers loss of momentum
1 May 2024
Abundant storage and low cost of capturing CO₂ from sharply rising gas production mean NOC’s ambitious CCUS targets look well within reach
29 April 2024
Decarbonisation push and shifting multilateral trade policy sharpens continent’s need for carbon trading
29 April 2024
Canada’s oil sands producers need policy certainty to make the multibillion-dollar investments needed to achieve net zero, Pathways Alliance president Kendall Dilling tells Carbon Economist