Renewable Energy Sector of Ukraine Has Become More Attractive for Investors

On February 26-28, 2019, the 10th Ukrainian Energy Forum was held in Kyiv for investors, contractors, traders and other market players.

During his speech to the jubilee forum’s audience, the Vice Prime Minister of Ukraine, Volodymyr Kistion, stated that the new energy policy of Ukraine created more predictable investment environment for both Ukrainian and foreign businessmen.

He said that the reforms introduced in the country improved its business environment and investment attractiveness. Thus, Ukraine is currently implementing three major energy reforms – in gas, electricity, and coal industries.

“Quite ambitious goals form a pillar of the country’s new energy policy, which is defined by the Energy Strategy of Ukraine by 2035. We are up to halving the energy intensity of the country’s economy, increasing our own energy production, making Ukraine energy independent, and develop the “green” energy sector,” the Vice Prime Minister stated.

Thus, investments in renewable energy development of Ukraine made up about EUR 1.2 billion last year. In 2018, 163 solar power plants with total capacity of 645,6 MW, 10 wind power stations (67,7 MW) and 4440 of private solar stations (106 MW) were put into operation in Ukraine.

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