enercast Wins Contract for Wind, Solar Energy Forecasts in Ukraine

enercast, the leading technology provider for applied artificial intelligence and the digital transformation of renewable energy, has concluded a contract for power forecasting and scheduling services for the renewable portfolio of Ukrainian state enterprise Guaranteed Buyer.

July 06, 2021. By News Bureau

enercast, the leading technology provider for applied artificial intelligence and the digital transformation of renewable energy, has concluded a contract for power forecasting and scheduling services for the renewable portfolio of Ukrainian state enterprise Guaranteed Buyer.

Together with recent orders from private wind farm operators, this contract marks a robust market entry for enercast in the Ukraine where enercast now provides power forecasts for nearly 7 GW of installed capacity in solar and wind energy.

The U.S. Agency for International Development (USAID)'s Energy Security Project supports the Ukrainian state enterprise Guaranteed Buyer in the issues of improving the renewable energy source forecasting. The broad adoption of wind and solar power requires advanced digital technology to manage the volatility of these energy sources. After a careful selection process, enercast was chosen as the project partner to provide expertise and reliable forecast data for the Guaranteed Buyer's portfolio of wind and solar power.

With managing the growing amount of volatile energy from renewable sources fed into the Ukrainian power grid, the Guaranteed Buyer contributes to ensuring Ukraine's independence and energy self-sufficiency while maximizing the usage of green electricity and evolving towards the European Green Deal.

"Accurate and reliable forecasting is one of the priorities of the Guaranteed Buyer. We have taken only the first step and implemented some of our strategic plans in this area. Our forecasting accuracy is improving day by day. This enables us to better manage our portfolio for over 7 GW and minimize imbalances. In the years ahead, the system will be expanded and improved which will enable the Guaranteed Buyer to forecast with the highest possible accuracy," commented Kostyantyn Petrykovets, Director of the Guaranteed Buyer.

Fueled by energy market liberalization, Ukraine ranked third in photovoltaics capacity growth in Europe in 2019, adding more than 3 GW, while doubling its wind power capacity during the same time. By 2035, the Ukrainian energy strategy targets a share of 25% renewable energy for Ukraine's power generation. enercast provides a scalable integration platform to handle such future growth.

"As a leading forecast provider for renewable energy, enercast is proud to support key actors in Ukraine in accelerating the transition towards more sustainable energy sources. This is what motivates our entire team: Leveraging artificial intelligence to address the existential climate crisis around the world," says Dr. Henning Schulze-Lauen, Chief Executive Officer of enercast.

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