If so, you're on the right track. Ukraine has significant potential for alternative energy sources, and the country has made significant progress in recent years to develop its renewable energy sector.
In this comprehensive guide, we'll explore everything you need to know to start an alternative energy business in Ukraine, including legal and regulatory requirements, financing options, and potential challenges.
Alternative energy is becoming increasingly popular worldwide, as countries strive to reduce their carbon footprint and find sustainable solutions to their energy needs. Ukraine is no exception to this trend. The country is one of the largest energy consumers in Europe, with energy demand expected to increase in the coming years.
In response to this challenge, the Ukrainian government has set ambitious goals to increase the share of renewable energy in the country's energy mix. This has created a favorable environment for alternative energy businesses to thrive.
Starting an alternative energy business in Ukraine requires complying with certain legal and regulatory requirements. Here are some key considerations:
- Obtaining permits and licenses
To operate an alternative energy business in Ukraine, you'll need to obtain a number of permits and licenses, including:
- A permit to connect to the power grid
- A license to generate electricity
- A license to supply electricity
These permits and licenses are issued by the State Energy Regulatory Commission of Ukraine (NERC).
- Renewable energy feed-in tariffs
Ukraine offers attractive feed-in tariffs for renewable energy sources. Feed-in tariffs are guaranteed prices paid by the government for every unit of renewable energy produced. These tariffs are set by the NERC and are valid for a period of 20 years.
- Environmental permits
Alternative energy businesses in Ukraine must comply with environmental regulations. This includes obtaining environmental permits for their facilities and complying with environmental standards.