Energy Ministry: Renewable energy assets worth $5.5B located in combat zone

"It is estimated that more than $5.5 billion in assets are now located in the combat zone and almost $4 billion in investments are currently in a precarious position in neighboring regions. We already have significant renewable energy losses," Deputy Minister of Energy for European Integration Yaroslav Demchenkov told Ukrinform in an interview.

According to him, wind power plants produced three times less energy compared to the same period in 2021. The generation of solar power plants dropped by 40%.

The deputy minister stressed that carbon-free energy had accounted for 70% of Ukraine's energy balance before the full-scale war. Currently, the power system operates through nuclear and thermal generation.

"The wartime priority is, first of all, to provide our citizens with electricity. We understand that people stay in bomb shelters without water, light, hot meals. And they will not be able to have it all without electricity," Demchenkov said.

At the same time, according to him, Ukraine has the opportunity to export surplus electricity due to the decline in consumption.

"Currently, we actively hold consultations to implement [this plan] in the near future. It is very important that we have the opportunity to sell surplus electricity to raise funds and support the energy sector companies," the official said.

He noted that the focus in the development of Ukrainian electricity would be placed further on nuclear generation and RES.

As reported, according to the Ukrainian Renewable Energy Association data, half of Ukraine's "green" energy capacity is threatened with destruction due to the war unleashed by Russia.

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