On Friday (12 May) Ukraine’s Deputy Minister of Energy, Yaroslav Demchenkov held an online meeting with representatives from the UK Department for Energy Security and Net Zero to discuss expanding bilateral cooperation in green energy, particularly within the framework of the G7+ Coordination Group for aiding Ukraine’s energy sector.
“Electricity will be the most efficient energy carrier for a climate-friendly economy. The future of our country lies in clean nuclear and renewable energy. Green transformation can be successful if enough private capital is attracted, so it is important now to actively communicate plans to restore and reform the sector. Of course, powerful state support, availability of financing, guarantees and technologies are also necessary,” the Ukrainian Deputy Energy Minister said.
During the meeting, both sides discussed plans for increasing the installed capacity of wind and solar generation, implementing green hydrogen production projects, and production localisation of the necessary equipment in Ukraine.
Ukraine has plans to increase the share of renewable generation in the total energy mix to 50 per cent by 2050, the Ukrainian Ministry said.
“By 2050, most of the world’s electricity will be produced from renewable sources, and Ukraine will not be an exception. A modern, transformed energy system is the key to achieving our climate goals and turning Ukraine into the energy hub of Europe. This growth of RES will be an impetus for the development of other sectors of the economy,” Deputy Minister Demchenkov added.