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23 October 2024, ukraine_country_name

Businesses are ready to intensify the dialogue with the government to accelerate the development of distributed, decentralised generation, including renewable energy

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Businesses are ready to intensify the dialogue with the government to accelerate the development of distributed, decentralised generation, including renewable energy

Renewable energy producers and potential investors have many proposals for improving the regulatory and legislative framework in Ukraine to accelerate the development of renewable energy sources and thus strengthen the country’s energy security.

On 22nd October, Ihor Retivov, Head of Regulatory Affairs at DTEK Renewables, spoke about this at the Energy Day 2024 conference organised by the European Business Association.

“It is very important that the state declares its greenness. We have made commitments to the EU, and we should keep moving towards it. Therefore, I would propose to coordinate all efforts and achievements in the development of distributed, decentralised, green generation,” said Igor Retivov.

He emphasized that the renewable energy sector has many proposals for reforms, and it is important that the state authorities, the Verkhovna Rada Committee on Energy, Housing and Communal Services, the NEURC and the Ministry of Energy hear these proposals and take them into consideration. At the same time, due to the large number of documents adopted, it is sometimes difficult for market participants and potential investors to understand where the Ukrainian energy sector should be heading.

Ihor Retivov also noted the positive impact of the first sales of guarantees of origin in Ukraine, as they could be an effective tool for businesses to confirm their social responsibility. In addition, the industry players may be even more interested in purchasing guarantees of origin after implementing the idea of SE Guaranteed Buyer, which provides for a reduction in the environmental tax base for businesses by the amount of purchased guarantees of origin.

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About DTEK

DTEK Group is the largest private investor in the energy sector of Ukraine. The Group employs 55,000 people.

DTEK Group's companies are engaged in coal and natural gas mining, electricity production at wind, solar and thermal power plants, trade energy resources in the Ukrainian and international markets, distribute and supply electricity to consumers, provide energy-efficient services to customers, and develop a network of high-speed charging stations. In accordance with the Strategy 2030, DTEK strives to transform into a more energy-efficient, environmentally friendly and technological business, guided by ESG principles. DTEK is a member of the World Economic Forum's Partnering Against Corruption Initiative (PACI). Our goal is to achieve carbon neutrality.

Since the beginning of the full-scale invasion, DTEK Group has restored power supply to more than 14 million consumers in the regions affected by the hostilities. DTEK Group is 100% owned by SCM Limited. The ultimate beneficiary is Rinat Akhmetov.

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