Ukraine will soon start its first stage of preparations for joining ENTSO-E, the European Association for the Cooperation of Transmission System Operators. From 24 to 26 February 2022, the entire Ukrainian energy system will operate in isolation mode. Further measures aimed at synchronising energy systems are scheduled to be completed in 2023.
“The synchronisation will help stabilise the Ukrainian electricity market, give a powerful boost to the economy and will also increase the country's energy security,” said DTEK Renewables CEO Maris Kunickis during the Renpower Ukraine 2022 forum held in Kyiv on 17 February 2022.
Mr. Kunickis highlighted that the integration into European networks and new investments will bring the price of green energy closer to market rates and will contribute to a balancing process. “In the future we will not speak about the prices of ‘green energy’, ‘nuclear energy’ or ‘coal energy’. Rather, we will deal with one price for electricity in the market, as it consists of all these factors”, the DTEK Renewables CEO added. He concluded: “Considering the current full levelised cost of electricity (LCOE) levels of traditional and renewable energy generation and also taking the challenging situation regarding energy resources in general - especially gas - into the equation, renewables energy represents the most promising technology for scaling capacity in Ukraine.”
Ukraine’s current production capacity of renewable energy is 8.5 GW, of which 6.2 GW originate from solar energy generation. With domestic solar power plants, it is about 10 GW. When synchronised with ENTSO-E, and taking into account the phasing out of inefficient thermal power plant units (TPP) the growth potential is estimated at least 5 GW of additional renewable energy by 2030. This potential will significantly increase given the current speed of decarbonisation.
Read the article online at: https://www.worldpipelines.com/business-news/21022022/ukraines-synchronisation-with-entso-e-will-generate-5-gw-additional-renewable-energy-capacities/