Ukraine is projected to require $20 billion in investment to advance its renewable energy sector, according to a government plan unveiled on Tuesday. This initiative aims to increase the renewable sector's contribution to the national energy mix to 27% by 2030. The Ukrainian energy sector has seen a 50% decline in production capacity due to intensified Russian missile and drone assaults since spring 2024, prompting a greater reliance on nuclear, solar, and wind power.
The approved plan targets the addition of approximately 10,000 megawatts of new renewable generation facilities. By 2030, the government aims for renewables to comprise 33% of heat and cooling systems, 29% of electricity generation, and 17% of the transport sector. The current renewable share in the energy mix was not specified, though local media estimates it at 10%.
Additionally, the government announced plans to launch tenders for the construction of new renewable capacities, ranging from 700 megawatts to 5-80 megawatts, with completion scheduled by the end of 2027. Despite nuclear power being Ukraine's primary low-carbon energy source, concerns over safety have arisen due to ongoing hostilities with Russia.
