PROSPECTS FOR ATTRACTING INVESTMENTS IN THE ENERGY SECTOR OF UKRAINE UNDER THE CONDITIONS OF MARTIAL STATE

Abstract

The article examines the current problems and prospects of attracting investments in the energy sector of Ukraine in the conditions of martial law, which was introduced on February 24, 2022. In order to reveal this issue in detail, we studied the interpretation of the concept of "investment" by various domestic scientists and proposed our own interpretation of this concept. Ways of attracting investments were studied and it was determined that two factors have the most negative impact on this process: the unstable political and economic situation in Ukraine, which is largely caused by the start of a full-scale war. The state of attracting investments by the energy sector of Ukraine was analyzed and it was determined that in the period from 2015, the volume of investments increased, with the exception of 2020 and 2022, which indicates the positive dynamics of the development of the energy sector. The relationship between changes in the investment attractiveness index of Ukraine and the volume of investments was also noted, we note a direct dependence. In the conditions of martial law, Ukrenergo and Naftogaz attract the largest share of investments through cooperation with international organizations. We also investigated the state of renewable energy in Ukraine in the pre-war period and during a full-scale war. Until 2022, Ukraine actively and rapidly developed such generation, however, during the war, a large part of the capacities was destroyed. Taking this into account, we came to the conclusion that the most promising, as of 2023, is the attraction of investments in the restoration of critical infrastructure and in the development of renewable energy, because this is an integral element for successful integration into the European Union. Currently, Ukraine is actively working on this issue, developing energy strategies for the development of the renewable energy sector, for example, by 2030, it is planned to achieve a share of RES of 32% and improve energy efficiency by at least 32.5%. In the research process, such methods were used as: synthesis, analysis, analogy, abstraction, methods of statistical processing. The results were summarized using a systematic approach.