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Norwegian investors to put up to 400 mln Euros in Ukrainian renewable energy, - Klimkin

It includes investments in projects in the solar and the wind energy
18:01, 4 September 2018

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Ukraine actively develops cooperation with certain Norwegian companies in the area of renewable energy. Pavlo Klimkin, the foreign minister of Ukraine said that at a joint briefing with his Norwegian colleague Ine Soreide. 

'We start working with a number of Norwegian companies, which come here to build facilities in the area of renewable energy. It is about very serious investments, 300-400 million Euros in the solar and the wind energy,' Klimkin said.

He also expressed hope that soon more Norwegian investors will join the Ukrainian projects.

In December 2017, the Ukrainian Parliament passed the law on Ukraine's joining the Statute of IRENA, the International Renewable Energy Agency. 

According to the explanatory note, the membership of Ukraine in the IRENA:

allows applications to the ADFD fund to receive preferential loans (currently, the fund's budget is $ 350 million, loans are provided on a competitive basis for 1-2% for a period of up to 20 years, including a 5-year grace period, subject to 50/50 co-funding );

Related: Poroshenko congratulates Ukrainians on Christmas and urges to pray for defenders of state

provides access to all information available in the IRENA Agency regarding the use of renewable energy sources, the results of the latest research and best practices, as well as progressive mechanisms for financing alternative energy development;

facilitates the establishment of fruitful cooperation between Ukraine and the developed countries of the world in order to develop alternative energy;

creates conditions for attracting expert assistance from the IRENA Agency to improve the regulatory and legal framework of Ukraine in the field of renewable energy.

At the same time, Ukraine will be obliged to pay annual membership fees to the budget. So, the contribution for 2017 could roughly amount to 23 thousand dollars.

Related: Ruslana to cooperate with Ukraine's Foreign Ministry to promote renewable energy

Related: Ukraine, Netherlands begin cooperation in sphere of renewable energy

Related: IRENA to increase investment in Ukraine's renewable energy - Savchuk

Related: Law on joining IRENA renewable energy agency statute comes into force in Ukraine

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