Ukraine takes 8th place among emerging markets in the attractiveness of investments in renewable energy sources

In 2019, Ukraine immediately rose by 55 positions in the attractiveness rating of emerging markets in terms of investment in renewable energy. This is stated in the Climatescope 2019  annual report prepared by Bloomberg New Energy Finance research agency.

A year ago, Ukraine was on the 63rd place, and in 2019 was able to rise to 8th place. The first seven countries are headed by: India, Chile, Brazil, China, Argentina, Jordan and Kenya, the largest emerging economies.

Among the main growth factors, the analytical center names energy sector reforms, attractive feed-in tariffs and tax rates.

“Among European countries, Ukraine is the most attractive market. I am glad that there are ratings where we occupy leading positions. This is the result of a number of factors – both objective and subjective... I think this is the maximum that Ukraine is capable of today – the indicators in 2020 will be much more modest, and this is due to a number of restrictive measures on the part of the government in relation to this industry. The transition to auctions, the introduction of liability for “imbalances” and the possible aggravation of the deficit problem of SE Guaranteed Buyer will substantially adjust Ukraine’s positioning as a promising market in the emerging markets category”, commented managing partner of UDP Renewables, Serhiy Yevtushenko.

We will remind that UDP Renewables in October launched Port Solar power station in Odesa region.

In 2018, non-EU countries raised $2.2 billion in investments in green energy.

In 2018, investment flows to Ukraine amounted to $801 million, in 2017 this sum amounted to $46 million.

According to Bloomberg New Energy Finance, in 2018, 107 GW of renewable energy sources were installed in emerging economies. Among them, solar energy took first place with 66 GW commissioned in 2018. Wind energy took the second place – 29 GW. The total capacity of small hydropower plants, biomass and geothermal sources is 12 GW.

Tags: contracts, renewable energy, tariffs, solar energy, wind energy, legislation, electricity, NEURC, EU, The Minystry of Energy and Coal Mining, Top management, energy market, Biogas, feed-in tariff, ETL, electricity market, foreign affairs, ВИЭ

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