The current state of the Ukrainian energy sector

Today, Ukraine’s energy situation can be described as very dynamic, as it responds quickly to internal and external challenges, but at the same time, it is highly vulnerable.

Until 24 February 2022, the energy sector was focused on diversifying energy sources, developing renewable energy resources, reducing dependence on energy imports and improving energy efficiency. Russia’s crime of aggression against Ukraine has caused significant damage to the energy infrastructure, resulting in an unstable energy supply since the beginning of the full-scale war. Against the backdrop of these losses, the Ukrainian government, together with national and international partners, is making significant efforts to ensure energy security and independence.

According to the World Bank, Ukraine’s energy infrastructure has suffered more than $11 billion in damage due to the hostilities. Over 60% of the energy infrastructure was damaged, causing massive power outages nationwide. Green energy also suffered, with a share of 13% before the war. By autumn 2022, most wind farms and about 50% of solar power plants were decommissioned.

Nevertheless, thanks to the professional actions of energy sector specialists, it was possible to prevent a complete blackout, maintain and restore energy supply in all regions, and start restoration and repair work. International partners organised the supply of necessary materials and equipment, providing specialised financial assistance to Ukraine.

Ukraine is actively reforming its energy sector, implementing the requirements of the EU’s Fourth Energy Package into its legislation and transforming the sector to meet carbon neutrality standards. This year, the country is focusing on key areas in the energy sector, such as the development of nuclear power, decentralisation of electricity generation, and strengthening the physical protection of energy infrastructure.

GOLAW Law Firm does not stand aside and contributes to achieving Ukraine’s goals. In particular, we provide a full range of legal services to participants in the renewable energy market and facilitate the establishment of links between international and foreign investors and local developers.

If you need legal advice on correctly interpreting and applying the regulatory framework for implementing green energy projects, please fill out the form below to request it.

Practices | Sectors

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