Energy

The Ukrainian energy sector is under constant attacks by russian airstrikes. By the summer of 2024, more than 50% of all energy production had been destroyed, and only 27% of thermal power plants were operating. Although the energy sector is one of the most vulnerable, it is also one of the most promising. Ukraine can now build back better, investing in green and effective technologies.

In a record-short time after the full-scale invasion, Ukraine connected to the EU power grid, ensuring the stability of the interconnected network. In response to the current challenges, international aid has also been pledged to help repair the damaged infrastructure.

In June 2024, Norway pledged 100 million EUR to secure Ukraine’s electricity supply. Additionally, both countries signed a memorandum of understanding (MoU) on establishing an energy partnership that will prioritize:

• Exchange of best practices in energy transition
• Innovative technologies in the context of renewable energies
• Building up decentralized generation
• Attracting investments in the rebuilding and modernization of Ukrainian energy infrastructure

NUCC urges Norwegian companies that would like to do business in/with Ukraine in either sector to apply for membership in NUCC and to get access to the unique network with extensive knowledge and experience of doing business between our two countries.

Project Manager

Sigbjørn Albertsen
sigbjorn@nucc.no