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Here’s how Russia’s invasion of Ukraine is impacting renewable energy and the grid

June 7, 2022

The Ukraine crisis promises to dramatically change the face of the renewable energy sector in the post-Soviet space. While Ukraine is struggling to keep its plants running amid the continuing fights, Russian power-generating companies are bracing for the impact of unprecedented Western sanctions.

The Russian invasion comes at a great cost for Ukraine’s economy, which is set for a 45% contraction in 2022. Before the current crisis, the share of renewables within the total energy mix was less than 5%. However, the Ukrainian government set a goal of sourcing 25% of its total energy mix from renewables by 2035. Now, the focus is shifted toward preserving the existing capacities.

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