€2 Billion Invested in Ukrainian Renewable Energy

Since the beginning of 2019, Ukraine's share of renewable energy as a part of electricity production has grown 1.7 times

Photo Ukrinform-UATV

From January to September, over €2 billion has been invested in Ukrainian renewable energy production.

That’s more than 2,500 megawatts, the State Agency for Energy Efficiency and Energy Saving said.

To put that in perspective, according to the Idaho Public Utilities Commission in the United States, 1 megawatt/hour can serve about 650 residential homes.

Solar plans generated about 2,000 megawatts of new power, windfarms generated nearly 400 megawatts, household solar power brought in an additional 120 megawatts (over a 6-month period), bio-gas plants generated 24 megawatts, small hydropower facilities generated 13 megawatts, and biomass facilities generated 4 megawatts.

“In addition, due to these new facilities, the total capacity of renewable electricity doubled only over the nine months: from about 2,300 megawatts as of the end of 2018 to about 5,000 megawatts as of October 1, 2019,” Serhiy Savchuk, the head of the State Energy Efficiency said.

Since the beginning of 2019, the share of renewable energy in the total Ukrainian electricity production grew 1.7 times and amounted to 3.3 percent of the total in the second quarter.

Source UATV
date 08.10.2019
categories Economics
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