Joe Wallace of The Wall Street Journal reports that Europe will look to Ukraine to replace Russian energy.
- For years Ukraine has looked to provide power to the EU, Russia’s invasion has accelerated this process.
- As people have fled war-torn Ukraine the country now has surplus power that it will provide to the rest of Europe, which was dependent on Russian natural gas to meet a large share of its energy needs.
- A significant share of this power will be clean, as Ukraine has large shares of nuclear energy and hydropower.
“Maxim Timchenko, DTEK’s chief executive, said that once the statcoms or batteries are in place, exports can rise slowly to 1.6 gigawatts a day, up from current deliveries of about 350 megawatts a day to Poland and Moldova, and that they could rise further if more power lines to Europe are restored. ‘Ukraine can become one of the major suppliers of clean energy to the European countries,’ he said.”
Read the full article here.
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