Dentons US LLP

08/23/2024 | News release | Distributed by Public on 08/23/2024 04:09

Ukrainian government approves National Renewable Energy Action Plan until 2030

August 23, 2024

On August 13, 2024, the CMU adopted Resolution No. 761-р On Approval of the National Renewable Energy Action Plan for the period up to 2030 and the action plan for its implementation (the "Action Plan").

The Action Plan envisages the following growth of renewables in Ukraine from the beginning of 2024 until 2030 (figures as of 2024 do not cover temporarily occupied territories):

  • Solar power plants - from 7327 MW to 12200 MW (7200 MW of producers and 5000 MW of prosumers)
  • Onshore wind power plants - from 512 MW to 6214 MW
  • Offshore wind power plants - from 0 MW to 100 MW
  • Bioenergy facilities (biomass and biogas) - from 319 MW to 876 MW
  • Geothermal power plants - from 0 MW to 40 MW

In order to enable the growth of intermittent renewable energy sources, the government plans to commission by2030

  • High maneuver generation (most likely gas peakers) - up to 906 MW
  • Energy storage facilities - up to 656 MW.

It also plans to incentivize the use of renewable energy in the transportation industry as well as heat and cooling sector.

As a result of the deployment of renewable energy sources until 2030 it plans to achieve the following growth (starting in 2025) and reach the following targets for the percentage of renewable energy in gross final energy consumption (by sector):

  • Electricity - from 20.9% to 29.4%
  • Heat and cooling - from 20.8% to 32.5%
  • Transport - from 4.9% to 17.2%

Thus, the total share of renewable energy in gross final energy consumption should grow from 17.3% in 2025 up to 27.1% in 2030.

The Action Plan also emphasizes the need to develop the production of renewable gases and envisages the following potential for them:

  • Biomethane - up to 21.8 billion cubic meters a year
  • Green hydrogen - up to 44957 thousand tons a year

Notably, the Action Plan acknowledges that despite the active phase of the war, during 2022-2023, more than 650 MW of new renewable energy capacities were commissioned in Ukraine, including:

  • Solar power plants - 371 MW (including 287 MW of households)
  • Wind power plants - 227 MW
  • Bioenergy facilities (biomass and biogas) - 50 MW
  • Small hydropower plants - 1 MW

This information does not constitute legal advice and is merely the opinion of the author.