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German businessmen plan projects of renewable energy, green hydrogen production, - MFA

Source : 112 Ukraine

The leadership of the German Committee on Eastern European Economic Relations intends to make a visit to Ukraine in the second half of 2021
12:54, 10 June 2021

German businessmen plan projects of renewable energy, ‘green’ hydrogen production
Ukraine's Foreign Ministry

German businessmen are interested in the development of investment projects in Ukraine in the field of production and transportation of "green" hydrogen to the EU, solar and wind energy, biomethane, etc. The Minister of Foreign Affairs of Ukraine Dmitry Kuleba said this following a meeting in Berlin with German business and leadership of the German Committee on Eastern European Economic Relations, as the press service of the Foreign Ministry reports.

A separate topic of conversation was the possibility of producing "green steel" in Ukraine using renewable energy sources and subsequent export to Germany, in particular, for the needs of the automotive industry.

Kuleba supported the readiness of the leadership of the Eastern European Economic Relations to visit Ukraine in the second half of 2021. He assured that the President of Ukraine Volodymyr Zelensky gives priority to attracting investments.

German Committee on Eastern European Economic Relations is a large-scale initiative of German business for 29 countries of Central, Eastern and Southeastern Europe, the South Caucasus and Central Asia. It provides assistance to 350 member companies in supporting bilateral projects, establishing contacts, and entering foreign markets.

Related: Ukraine's Foreign Minister visits Germany for talks on Nord Stream 2

The news about the plans of German businessmen to organize the production of green energy sources in Ukraine confirms the information about Germany's plans to increase investments in Ukraine in exchange for the U..S abandonment of sanctions against Nord Stream 2, as German agency Handelsblatt reported in March, citing a source in the German government.

In particular, the article stated that Ukraine has to help the EU reach the ambitious goal, to become climatically neutral before 2050. Ukraine's largest country has to play the major part in the EU's "green deal". In the mid-term perspective, Ukraine will be supplying to EU some 7.5 GWt of "green" hydrogen. That's almost one-fifth of the entire amount of hydrogen, which should be produced in the EU by 2030 (40 GWt).

Antony Blinken, the US Secretary of State said that German government has been looking into an opportunity to compensate for possible losses that Ukraine may suffer after the launch of Nord Stream 2 gas pipeline.

Related: Ukraine Foreign Minister holds talks on fate of Nord Stream 2 and Normandy Format

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