Webinar: Navigating the Energy Sector in Ukraine: Opportunities and Insights for Swedish Companies

Since October 2022, Ukraine's energy infrastructure has been specifically targeted by extensive drone and missile attacks from Russia. These attacks intensified significantly in March 2024. By May 2024, Ukraine had lost nearly 9 GW of its power generation capacity, with about 60% of its energy generation facilities either destroyed, damaged, or seized. This heavy pressure has forced Ukrainian businesses and society to adapt to frequent power outages, invest in backup power sources, and explore sustainable energy solutions.

The Ukrainian government, local municipalities, the private sector, and international financial institutions are all prioritizing investments to revitalize the energy sector. The reconstruction needs for Ukraine’s energy and extractive industries have already exceeded SEK 516 billion, according to joint assessments by the Ukrainian government, World Bank Group, European Commission, and United Nations (RDNA3). This situation presents significant opportunities for international businesses to contribute to the reconstruction efforts. Given the evolving landscape, Swedish energy companies could play a crucial role in Ukraine’s recovery, supporting a smooth transition to a greener and more sustainable economy.

In January 2024, the first webinar in a partnership between BuS Ukraine and the Ministry of Energy of Ukraine took place. The second webinar is to highlight the recent changes and stimuli provided by the government to overcome the challenges and prepare for the upcoming 2024-2025 winter season as well as recent developments aimed at boosting distributed generation introduction in Ukraine.  Along with updated information from the government, we aim to present a Guide for Swedish Companies on Opportunities in the Energy Sector of Ukraine, to showcase new financing mechanisms available and successful cases of cooperation and highlight the significant business opportunities Ukraine offers for energy companies in terms of trade and investment.

Agenda: 

• 11:00 – 11:05 – Opening Remarks and Introduction
  • Mr. Andreas Giallourakis, Sweden’s Trade Commissioner to Ukraine, Business Sweden
• 11:05 – 11:20 – Keynote Presentation – Government Response to the Emergency in the Energy Sector, Opportunities for Swedish Companies to Contribute to Recovery 
  • Roman Andarak, Deputy Minister, Ministry of Energy of Ukraine
    • An overview of the Ukrainian government's response to the energy crisis, focusing on strategic short- and mid-term goals, including decentralization of electricity production and incentives provided by the government for developing distributed generation. Highlighting opportunities for Swedish companies to contribute with advanced technologies.

• 11:20 – 11:30 – Ukraine Energy Support Fund: Procurement of Critical Energy Equipment for Ukraine
  • Mr. Eric Gagnon, Procurement Director, Energy Support Fund
    • Details on the operations of the Ukraine Energy Support Fund, which channels international support into reconstructing Ukraine’s energy infrastructure. Explanation on the Fund’s procurement processes for critical energy equipment and how transparency and efficiency in meeting the urgent needs of Ukrainian energy companies is ensured
• 11:30 – 11:40 – How to Utilize Financial and Investment De-risking Tools Available on Ukrainian Market. Presentation of Guide for Swedish Companies on Opportunities in the Energy Sector of Ukraine.
  • Oksana Tkachuk, Energy and Electricity Lead, Business Sweden Kyiv
    • An overview of financial tools and de-risking mechanisms available to Swedish companies looking to enter the Ukrainian energy market. Presentation of a comprehensive guide detailing opportunities for investments in the energy sector, emphasizing recent trends, government incentives and support structures designed to enhance investor confidence. 
• 11:40 – 11:50 – Investments in the Energy Sector in War Times. Key Insights from the Private Sector
  • Fenix Repower, Iryna Bernatska CFO, General Manager Ukraine
    • Fenix Repower is a full-scope renewable energy developer based in Norway and Ukraine, with offices in Stavanger, Oslo and Kyiv. Since 2016, Fenix’s team have successfully managed the development of five renewable energy projects, totalling over 1,350 MW in Norway, Ukraine and other jurisdictions. With the backing from an industry leader such as Arise, Fenix aims to expand its pipeline of renewable energy projects in Ukraine and will share insights on how to develop energy business in Ukraine.
• 11:50 – 12:00 – Q&A session
  • Moderator: Mr. Andreas Giallourakis, Sweden’s Trade Commissioner to Ukraine, Business Sweden