Experts discuss Ukraine’s renewbles issues during the webinar titled “Renewable Energy: The Future of Ukraine” hosted by the Kyiv Post and Integrites law firm on March 17, 2021. Participants from left to right: Brian Bonner, chief editor of the Kyiv Post; Yuriy Vitrenko, acting energy minister; Inna Sovsun, a member of parliament on the energy committee with the 20-member Voice party; Magnus Johansen, vice president for NBT Ukraine; and Oleksiy Feliv, managing partner of Integrities law firm.
To get its renewable energy sector jump-started, Ukraine began luring investors with a high guaranteed price for the solar and wind energy that they produced. It worked spectacularly — until it didn’t.
The share of Ukraine’s energy from renewables rose from almost nothing to more than 10%, particularly with several billion dollars of fresh investment in 2018 and 2019.