Impact of investments on the sustainability of the energy sector of Ukraine

Author:

IVANYTSKYI MaksymORCID,

Abstract

Introduction. The importance of the article is determined by the need to increase the stability of the energy sector of Ukraine, the search for energy projects, the implementation of which will contribute to increasing the stability of the entire domestic energy sector. Problem Statement. In Ukraine, the energy sector is of particular importance. He ensured the vital activity of all branches of the national economy, and also made a decisive contribution to the formation of the main financial and economic indicators of the state. It is common knowledge that the stability of the energy sector, which was disrupted by hostilities initiated on the territory of the country, is one of the main elements of Ukraine's national security, which forces us to look for ways to restore it. Methods. General and special methods are used: analysis, synthesis, grouping, description, comparison, theoretical generalization, and abstract-logical. Results. It has been established that increasing the stability of the energy sector of Ukraine thanks to investments has several specific directions: investments aimed at the repair and restoration of damaged energy facilities, such as power plants, transformer substations and electricity transmission networks, contribute to the restoration of energy supply in territories affected by military actions , and ensure the provision of vital services for the population; investments to modernize and strengthen energy infrastructure, including power plants, substations and power transmission networks. The following energy projects have been identified, the implementation of which will contribute to increasing the sustainability of the entire domestic energy sector: independent energy projects created to increase the generating capacity of local energy systems; projects in transmission networks; projects in the distribution network; autonomous projects; investment in technology. Conclusions. It was concluded that, based on the current situation, in the coming years the country will either have to increase the import of energy (energy carriers), or significantly increase their generation (production), or abandon plans for economic growth and GDP growth.

Publisher

State Educational-Scientific Establishment The Academy of Financial Management

Subject

Pharmacology (medical),Complementary and alternative medicine,Pharmaceutical Science

Reference22 articles.

1. 1. Minfin. (2023). Direct foreign investments in Ukraine in 2022. Retrieved from https://index.minfin.com.ua/ua/economy/fdi/2022/ [in Ukrainian].

2. 2. Latief, Yu. (2023, March 8). Record clean energy investment in 2022 still falls short - report. Retrieved from https://www.enlit.world/finance-investment/record-clean-energy-investment-in-2022-still-falls-short-report/

3. 3. Babyna, O. M. (2020). Innovative investment activity in the development of alternative energy sources (Ph. D. (Economics) Dissertation). Vinnytsia [in Ukrainian].

4. 4. Gernego, Iu., & Liakhova, O. (2021). Financing the potential of alternative energy development in Ukraine. Efektyvna ekonomika, 3. DOI: 10.32702/2307-2105-2021.3.3 [in Ukrainian].

5. 5. Prokip, A. (2011). Hierarchy of priorities for guaranteeing energy security in modern conditions. Scientific Bulletin of the Lviv State University of Internal Affairs, 1, 75-85 [in Ukrainian].

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