DTEK hosted a roundtable at the World Economic Forum to discuss Ukraine’s role in Europe’s energy security. The event, "Ukraine: accelerating decarbonization in Europe”, attracted senior politicians, ambassadors, energy experts and business leaders to discuss critical issues regarding Ukraine’s contribution to the EU’s energy security, as well as Ukraine’s green transition.
DTEK was able to participate in the events in Davos thanks to the support of the World Economic Forum (WEF).
DTEK strongly believes that Ukraine’s energy security should be at the centre of global leaders’ discussions. The discussion during the roundtable was about how Ukraine can contribute to faster integration with the EU, including immediate planning for an increase in renewables.
This war did not start on 24 February 2022. It started many years ago with Russia blackmailing the European energy market with gas prices and gas supply to the EU. Over the years, the war has escalated. And now we see a Russian military campaign to target the destruction of energy facilities across Ukraine.
Maxim Timchenko, DTEK CEO
DTEK Group presented “30 by 2030 initiative” at WEF 2022 in Davos. The “30 by 2030 initiative” aim is to have 30GW of renewable capacity in Ukraine by 2030. And this means it renewables are a significant part of Ukraine's post-war rebuilding plan, and a main driving force for the development of the Ukrainian economy.
30 GW of renewables would mean Ukraine to reach 50% of renewables share in its capacity mix. And we could export 15 GW of clean energy to the EU in electricity and green hydrogen. This is our vision of the Ukrainian energy sector by 2030, with Ukraine becoming the main exporter of clean energy to the EU and making a significant contribution to Europe’s post-war energy security system.
To make that happen, we need support. That is why we are appealing to international companies to join the coalition of the willing to help us build back greener. Any restoration and recovery process in Ukraine’s energy must have a European perspective and should be based on new green power generation, accelerating energy transition across the EU. We have no doubt that Ukraine can become a significant leader in the decarbonisation of Europe’s energy. It is an important reason why winning this war matters so much for Ukraine and for Europe.
– Maxim Timchenko, DTEK CEO.
The discussion was moderated by Hadley Gamble, Senior International Correspondent at CNBC. The speakers included Rostyslav Shurma, Deputy Head of the Office of the President of Ukraine; Oleksiy Chernyshov, CEO Naftogaz; Maxim Timchenko, CEO DTEK; Henrik Andersen, CEO Vestas; Kurt Volker, Distinguished Fellow at CEPA, and former US Ambassador to NATO and US Special Representative for Ukraine.
