Ukraine has installed a 1MW solar power plant in the contaminated area adjacent to the decommissioned nuclear power station in Chernobyl, as Ukrainian investment into renewable energy takes off.
The photovoltaic facility is comprised of 3,800 panels and is expected to produce enough energy to meet the power demand of 2,000 local apartments. It benefits from feed-in-tariffs (FiTs) that guarantee a certain price for power, Reuters reported.
The $1.1mn solar plant is the result of a partnership between Ukrainian company Rodina and Germany’s Enerparc AG.
Ukraine has been steadily investing in renewable sources. During the first nine months of 2018, the country added over 500MW of renewable power capacity to its energy mix, more than twice as much as in 2017. Amongst the projects announced this year are:
- Ukrainian businessman Vasyl Khmelnytsky completed a 18MW solar power plant in the Kherson region, the businessman said on his Facebook page, as reported by Interfax. The plant is owned by UDP Renewables, part of Khmelnytsky’s UFuture Group holding company.
- Windkraft Ukraine, a company based in the country's Kherson region, is going to expand the installed capacity of its wind farms in this region to 170 MW by the end of the year, the company's director Carl Sturen said on September 20. The company is also mulling the next project to boost capacity by another 150-170 MW, Sturen told Interfax news agency, adding that the company used its own funds and bank loans in 2018.
- Ukraine Power Resources and Yuzhne Energy plan to build wind power plants with an installed capacity of 120 MW and 72 MW, respectively, in the Lymansky district of the Odesa region, according to a statement from the Ukrainian Wind Energy Association (UWEA).
- Norway's Scatec Solar is going to begin the construction of a €85mn solar power with a total capacity of 83 MW in the Cherkasy region this year, according to the company's June 12 statement.
The board of Ukraine’s main donor, the International Monetary Fund (IMF) signed off on the badly needed $3.9bn Stand by agreement (SBA) at a meeting on December 18.
Average bribe in Russia is estimated by the Public Prosecution Service at RUB609,000 ($9,000), while the total amount of uncovered bribes in January-September 2018 stood at RUB1.8bn ($26.7mn), as reported by Vedomosti daily.
Analysts think country is undergoing a much harder landing than many people expected. Credit crunch seen morphing from complete shutdown in FX-denominated lending to suppression of TRY lending.
Russia's e-commerce market in 2018 could reach RUB1.5 trillion ($22.8bn), according to the estimates by Data Insight cited by Vedomosti daily on December 17. Sales in Russian online stores are expected to increase by 19% to RUB1.15 trillion
The Ukrainian government will defy a court ruling to reinstate Roman Nasirov as head of Ukraine’s State Fiscal Service, President Petro Poroshenko told a press conference.