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  • UKRENERGO REVIEW 17 – 23 NOVEMBER

    At the end of this week a ray of hope appeared for Ukrainians that there will be even more and more electric cars in the country. The Verkhovna Rada extended the tax holidays for import of electric cars for another four years.  And we offer Ukrenergo Review readers to find out how other countries contribute to the development of electric transport, how Spain will shut down its nuclear power plants, who will build the largest wind farm in Europe, and what are the forecasts of global agencies Bloomberg NEF and IRENA for the development of the “green” energy.

    1. In 2050 half of the world’s electricity will be produced at SPP and WPP.

    By 2050, wind and solar power plants will provide nearly 50% of total electricity worldwide. And together with hydropower, nuclear and other non-carbon generation — up to 71%. This is stated in the Bloomberg NEF report.

    Since the 1970s the world’s fossil fuel energy constituted 60-70%. Analysts believe that global investments in the construction of new RES capacities from 2018 to 2050 will amount to $ 11.5 trillion, of which $ 8.4 trillion will account for wind and solar generation, and $ 1.5 trillion for other non-carbon technologies.

    It is expected that by 2050, only 29% of electricity generation worldwide will fall on fossil fuels, while today it equals 69%.

    Researchers consider the cheapening of the cost of energy received from RES to be the engine that will cause this qualitative change. They believe that the average cost of solar energy will decrease by 71% by 2050, and the wind by 58%. Both options will be cheaper than building new large coal and gas power plants.

    2. UK and Poland will increase the number of electric cars.

    The UK and Poland signed a joint declaration “Driving Change Together Partnership” calling on all countries to join efforts on a new initiative to accelerate the transition to low-emission cars, Energylivenews reports.

    The new initiative will create a partnership network between cities, regional and national governments, as well as non-governmental organizations dedicated to the development and exchange of technical solutions for electric cars, as well as to the acceleration of the development of new electric transport, both locally and internationally.

    Poland introduced new legislation aimed at introducing low and zero emission cars on national roads within its Responsible Development Strategy and Clean Transport package, which includes incentives for drivers to increase the use of clean vehicles.

    3. Spain renounces nuclear generation.

    The Spanish government does not plan to extend the 40 year-long period of operation of nuclear power plants after its expiration. Thus, in the country until 2030 all NPPs are to be decommissioned.  Secretary of State for Energy José Dominguez has said this, according to Spainsnews.

    Decommissioning will take place gradually, each stage will be coordinated with other enterprises and the Nuclear Safety Council (CSN).

    Thus, it is planned that the reactors of Almaraz-I and Almaraz-II NPPs will start closing from 2021 to 2024, of Ascу-І and Ascу-ІІ NPPs – from 2023 to 2026, Vandellуs-II and Trillo NPPs in 2028, Cofrentes – in 2025.

    Dominguez stressed that the closure of the nuclear park is a “social decision”, and this should be done “in a safe manner”. “The closure process can take decades,” he added.

    Nine of the fourteen coal-fired thermal power plants in Spain can be stopped in 2020 if the European emission reduction standards are not met. The other five stations will not continue their work after 2030.

    Dominguez also warned that the gas sector should be re-equiped as well. Thus, he believes that gas will play an important role as support for the development of renewable sources in the conditions of stopping coal-fired power plants.

    4. E.ON to build one of Europe’s largest onshore wind farms.

    European E.ON, one of the world’s largest electricity suppliers, will build in Sweden one of the largest onshore wind farms in Europe— the 475-megawatt Nysäter project. This is reported on the official website of the company

    The wind farm will be built jointly with the Swiss investment manager Credit Suisse Energy Infrastructure Partners (CSEIP).

    CSEIP acquired 80% of the joint venture, while E.ON will build and operate a wind power plant in accordance with the long-term procurement agreement and will receive 20% equity stake in the project. The total investment amounts to around €500 million.

    Construction of Nysäter is scheduled to start already in 2018 in central Sweden (Västernorrland district), close to Sundsvall area and is expected to be completed by end of 2021.

    The wind farm will be equipped with 114 turbines from the German manufacturer Nordex. Their capacity will be between 3.9 and 4.4 megawatts.

    5. In 12 years 75% of RES to be concentrated in G20 countries.

    Renewable energy sources (RES) and energy efficiency measures are the main means that can influence the economic growth the way it won`t provoke an increase in harmful atmospheric emissions. Herewith by the year 2030, about 75% of RES capacities may be concentrated in the G20 countries, which account for almost four-fifths of the world’s economy. Such a forecast is provided by IRENA agency. 

    Over the past few years, a number of steps have been identified to accelerate the deployment of renewable energy sources in the G-20 countries. Specifically, in 2018, Argentina, during its presidency in the G20, suggested to consider opportunities for accelerating the deployment of RES, using a systematic and holistic approach, as well as presenting relevant lessons learned from the implementation of the policy and investment frameworks. Based on this work, IRENA presented an overview of the opportunities for the deployment of renewable energy sources. Among them there are auctions with record low prices and the innovative policy, fiscal and financial incentives for RES building, mandates for biofuels use and fiscal incentives to promote the use of electric vehicles, etc.

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