Energized Market for Green Energy
A renewable energy forum in Kyiv brought businesses and customers looking to take advantage of Ukraine's attractive energy market
In fact, from 2012 to 2017, Ukraine’s green energy market tripled. Furthermore, every week it seems that there’s news of a new solar plant being built – perhaps one of the most significant symbolically being in the Chernobyl Exclusion Zone – where a solar plant capable of powering 2,000 households was recently constructed, literally next to the decommissioned Chernobyl Nuclear Power Plant, the site of the 1986 nuclear disaster.
It’s only natural then that Kyiv would be host to the “International Energy Efficiency Renewable Energy Expo,” a forum that’s run from Monday to today, for Ukrainian and international companies seeking to provide solutions to energy challenges.
“Of course at the first stages of development, people are always skeptical, they try to check before they start to trust the energy, but I think the difference in Ukraine is that people started to trust and to implement it really fast. Of course, mainly because of the support mechanism you have here, it’s a feeding tariff, it’s called ‘Green Tariff,’ which is the biggest, the highest in the European Union,” Solitek Sales Manager Andrejs Mlijevskis said.
The alluring Green Tariff is only one of the attractive factors bringing investments in Ukraine.
By 2020, the government hopes 11 percent of all final energy consumption will be sourced from clean alternatives to coal and gas.
For Ukraine, energy independence is, in fact, a matter of national security. In 2014, Russia annexed Ukraine’s Crimean peninsula and backed separatists in the Donbas region. It’s used energy policies as a tool to attempt to coerce Ukraine.
“If we’re talking about big energy, it’s generation, and the problems regarding gas, then this is a strategic topic for the country. If we’re talking about electrical engineering or low voltage equipment, then this is a strategic topic for any of the companies providing consumer energy products. That’s why for Ukraine today, this is a very important topic. It’s a top priority, and requires a lot of attention,” Expo Organizer Ivan Tkachenko said.