The Ukrainian government should start investing in renewable power energy development and substitution of conventional energy with alternative sources to provide energy security of the state, the executive director of the Bleyzer Foundation Oleh Ustenko said.
Only the development of solar energy will reduce the country's natural gas imports by 5 billion cubic meters per year, Ustenko said.

"According to the National Academy of Sciences of Ukraine, if our country developed solar energy at the same level as the European countries develop it, it could reduce annual gas imports by 5 million cubic meters which is about 20% of the overall demand (25-30 billion cubic meters) of Ukraine," he said.

The Research & Branding group of companies founder Evhen Kopatko said that the development of the alternative energy is an integral part of ensuring the economic security of Ukraine and reducing the external risks.

Kopatko noted that in the past two years the country began to invest in its own energy independence and as a result became one of the countries with the most attractive terms for alternative energy projects.

The expert believes that the renewal of the fixed assets in the energy sector should be more intense. "Otherwise, Ukraine will be very dependent on external crisis situations in the mid- and even short- run. If we do not solve the issue of energy carriers, it will put our country in a vulnerable position. Nobody will be soft on us," Kopatko said.

As reported, last year, the alternative energy in Ukraine developed more intensively than traditional one, which corresponds to global trends. The total capacity of the renewable power plants (including large hydro-electric stations) over the past year increased by 221.1 MW and by January 1, 2012 reached 5773.8 MW while the total capacity of the fossil fuels power plants decreased by 72.1 MW, up to 47,536.8 MW.

Last year, the Ernst & Young auditing company for the first time included Ukraine in the international ranking of countries attractive for the alternative energy projects.


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