The development of Ukraine’s energy industry after the victory over the Russian federation will be based on the development of nuclear and green generation and the construction of a decentralized energy system.
Interfax-Ukraine reports that Deputy Minister of Energy of Ukraine for European Integration Yaroslav Demchenkov told about such plans during a discussion at Ukraine House Davos as part of the World Economic Forum in Davos.
“Three main priorities for the development of our energy system: more powerful development of atomic, green energy and construction of a decentralized energy system. These priorities will form the basis of our renewed energy strategy in the coming decades,” he emphasized.
The Ministry of Energy of Ukraine is already consulting on these issues with international partners, Demchenkov added.
The deputy minister talked about the plans to completely abandon coal in power engineering by 2040 and forecasts that its role will significantly decrease after 2032. He also noted that the phase-out of coal will be in parallel with the construction of new solar and wind power generation as well as new biofuel thermal stations.
The share of renewable energy sources in the country’s energy balance is expected to reach 25% in 2032 and double by 2050, Demchenkov described Ukraine’s goals.
In addition, Ukraine plans to build two new nuclear reactors and launch pilot projects of low-power reactors by 2032, he added.
Demchenkov expressed confidence that now is high time to discuss future energy projects in Ukraine with international partners and investors in order to speed up the energy transition after its victory and emphasized that Europe’s energy transition is impossible without Ukraine’s participation.