Investment and Innovation Activity of Renewable Energy Sources in the Electric Power Industry in the South-Eastern Region of Ukraine

Abstract

Nowadays, the Ukrainian electricity industry is experiencing difficult conditions, as it is operating in a mode of depletion of its production potential. At the same time, the transition to sustainable and renewable energy is the necessary basis for the country’s welfare and for ensuring its energy security. Therefore, today we cannot do without the additional attraction of sources of funding from investors. The purpose of the survey is to study the pattern and effectiveness of investments and identify links and dependencies between key technical and economic parameters and investments in renewable energy sources. To achieve this goal, the authors divided the study into four successive stages, which made it possible to study the subject of the study comprehensively. As a result of the study, results have been obtained that complement the existing theoretical, methodological, and practical developments. Mathematical calculations (using the example of the largest wind power plants in the south-eastern region) revealed transparent relationships and dependencies between the critical technical and economic parameters of the WPP of South-Eastern Ukraine and investments in the wind energy sector. Among them: the installation of 1 MW of additional WPP generating capacity requires an average of EUR 1.51 million of investment resources, and the production of one additional kWh of electricity requires an investment EUR 0.42 euros; therefore, providing an additional thousand households with WPP electricity is possible with an investment of EUR 1.345 million.

Improving the Feed-in Tariff Policy for Renewable Energy Promotion in Ukraine’s Households

“…Many research papers are dedicated to RE development, including investment issues [18][19][20][21][22], the identification of drivers and barriers for the effective deployment of RE facilities [23][24][25], the evaluation of economic, environmental, social, and other benefits from RE project implementation, etc. [26][27][28].…”

Prospects for the Development of Photovoltaics in Ukraine

“…In turn, Steffen and Patt (2022) examined how the Russian-Ukrainian war changes public support for clean energy policy. Sala et al (2023) examined the effectiveness of investments in renewable energy sources. The authors identified the relationships between key technical and economic parameters and these investments, on the example of wind power plants located in the south-eastern part of Ukraine.…”

Określenie poziomu efektywności przedsiębiorstw zajmujących się dystrybucją gazu w zachodnim obwodzie Ukrainy

“…A higher market share generally indicates a more competitive position. [5,7,8]. It is necessary to note, that Ukraine has significant renewable energy potential, particularly in solar, wind, and biomass resources.…”

“…The South-Eastern region is known for its favorable conditions for solar and wind energy production. [8,9]. However, withdrawal the fossil power generating sources is impossible [10,11].…”