Ukraine

The war in Ukraine has acted as a brutal wake-up call for governments to act and reduce their dependence on Russian fossil fuels. Many have pledged to hasten project timelines for renewables, but there are mixed reports about impacts on investor confidence and projects under development in Ukraine’s neighboring countries. Marija Maisch reports.

Vitaliy Daviy is the CEO of emerging markets focussed cleantech organization IB Centre Inc. and holds an optimistic view of Ukraine’s sector after the war. According to him, the country has the keys to energy independence and security.

Indra Overland, the head of the Center for Energy Research at the Norwegian Institute for International Affairs, tells pv magazine how the Ukraine war is irreversibly changing the global energy landscape, making massive renewables deployment a certainty. But labor issues, equipment shortages, and reliance on Chinese manufacturing remain obstacles.

The Ukrainian authorities are currently resorting to PV to keep gas substations running despite the destruction of the electricity grid by Russian troops. Meanwhile, PV plant owners are beginning to face serious financial difficulties due to power supply disruption or damages caused by the hostilities.

Rystad Energy has joined BloombergNEF with a significant forecast for gray and blue hydrogen off the back of Russia’s invasion of Ukraine. According to the analysts, the impact of the war has sent prices of fossil fuel-tied forms of hydrogen production surging, leaving the gradual but consistent downward price trend of green hydrogen now looking remarkably competitive.

Trade body the Ukrainian Association of Renewable Energy says more than 70% of the nation’s solar fields are either in, or near regions which have been affected by the fighting.

The first months of the year pointed to a boom in Moldova’s solar sector, but the war has already started to negatively affect investment decisions.

The European Commission yesterday announced its intent to remove demand for two-thirds of its Russian gas supply in less than nine months and hugely accelerating the rate of solar deployment is a central part of its radically raised clean energy ambition.

The International Energy Agency today published a 10-point plan for Europe to reduce its reliance on natural gas imported from Russia. The plan would see Russian gas imports to EU member states reduced by one third within a year, and notes that further reductions within this timeframe would come with significant tradeoffs, likely to impact both energy prices and Europe’s Green Deal. The plan was presented by Fatih Birol, executive director of the IEA, in a virtual press conference held earlier today.

Clean energy facilities have been ordered offline in the nation since Thursday as the national grid ran an exercise to establish how it would function in isolation from the power networks of Russia and Belarus.