EconomyLens.com
No Result
View All Result
Tuesday, August 12, 2025
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Economy

Russian invasion catalyst for renewables in Ukraine: minister

Emma Reilly by Emma Reilly
February 16, 2024
in Economy
Reading Time: 6 mins read
A A
9
20
SHARES
254
VIEWS
Share on FacebookShare on Twitter

Paris (AFP) – The wartime destruction of its coalmines and several of its power plants are proving a catalyst for Ukraine’s renewable energy transition, said the country’s Energy Minister German Galushchenko.

Ukraine is also looking to replace some of its lost nuclear energy production, he added.

The minister said moves towards wind and solar power, coupled with the war’s impact on classic energy infrastructure, means that “the green transition should be implemented faster than we expected.”

Related

India reels from US tariff hike threat

German gas drive fuels fears of climate backsliding

S.Africa to offer US new deal to avoid 30% tariff

US consumer inflation holds steady but tariff risks persist

In China’s factory heartland, warehouses weather Trump tariffs

Russian forces have destroyed 11 coalmines, which they did to weaken Kyiv’s capacity to produce energy, Galushchenko told AFP on the sidelines of an IEE energy summit this week in Paris.

“Of course we would never restart the operations, that’s obvious,” said Galushchenko.

“We understand that we will never repair” the destroyed facilities.

Ukraine has eight power plants in non-occupied territory that can run on coal or natural gas, of which three have been knocked out of action.

“We want to phase out coal of course” for climate protection reasons said Galushchenko.

“Transition will happen faster that expected due to war,” he added.

The immediate focus is on wind and solar farms.

Galushchenko said last year Ukraine constructed around 200 megawatts of wind and around 150 megawatts of solar power capacity.

Even if “it’s not a big amount, I can say that this is due to the war,” he said.

Ukraine is also looking to rebuild nuclear power to compensate for production it lost from Zaporizhzhia, Europe’s largest nuclear power plant, since Russian forces occupied the facility in 2022.

That would, Galushchenko said, involve buying two Russian VVER-1000 reactors stored in Bulgaria, initially earmarked for the Belene nuclear power plant decommissioned as a precondition for Bulgaria joining the European Union. Two AP-1000 type pressurised water reactors would also, he said, come from US nuclear power company Westinghouse for deployment at Khmelnytskyi, in western Ukraine.

Yet some experts are sceptical as to whether that project is viable as new reactors would take at least a decade to come on stream while there are worries the reactors in Bulgaria may prove to be too old.

Galushchenko said expanding nuclear production would also open up possibilities for Ukraine to supply Europe with green hydrogen.

Hydrogen is being looked at as a fuel that could help decarbonise industry and transport as it produces no carbon dioxide when burned, and is green provided it is produced using renewable or nuclear power.

Ukraine has “calculated it will be able to produce three to five million tonnes of hydrogen per year,” Galushchenko said.

“The one question is how to transport this hydrogen … that is the most difficult question.”

Galushchenko said Ukraine’s electricity network was faring better this winter than last year.

“It’s not the same as it was before the previous winter…when we were under almost constant restrictions.Generally, we do not have restrictions in supply of electricity,” he said.

Ukraine can produce up to 18 gigawatts of electricity, he said, which is enough to handle even peak hours of consumption.

And even if Kyiv has had at times to import electricity, international support has enabled it to get by more or less. With the end of winter approaching they may get through the most demanding season without major restrictions for consumers.

“It’s great news, and due to this we also have a growth in the economy,” said the minister.

Tags: green transitionrenewable energyUkraine
Share8Tweet5Share1Pin2Send
Previous Post

US wholesale prices rose more than expected in January

Next Post

Hot US inflation report stops Wall Street stocks rebound

Emma Reilly

Emma Reilly

Related Posts

Economy

Trump signs order to extend China tariff truce by 90 days

August 12, 2025
Economy

Trump says dealing ‘nicely’ with China as tariff deadline looms

August 11, 2025
Economy

Indonesia, Peru strike trade agreement as leaders meet

August 11, 2025
Economy

Brazil’s Petrobras posts $4.7 bn second-quarter profit

August 8, 2025
Economy

‘Optimistic’: Champagne growers hope for US tariff shift

August 11, 2025
Economy

India exporters say 50% Trump levy a ‘severe setback’

August 8, 2025
Next Post

Hot US inflation report stops Wall Street stocks rebound

London Fashion Week blends tweed and Y2K amid economic gloom

WTO chief insists global trade body still counts

US Fed should be patient as rate cuts considered: official

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
9 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

New York ruling deals Trump business a major blow

75

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

‘Stop production’: Small US firms battered by shifting tariffs

August 12, 2025

Passwords under threat as tech giants seek tougher security

August 12, 2025

Elon Musk accuses App Store of favoring OpenAI

August 12, 2025

US indices power to fresh records after benign inflation data

August 12, 2025
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.