The issues pertaining to cooperation in renewable energy sector were discussed during the plenary meeting held at the Ministry of Commerce of the People's Republic of China in Beijing.
The Ukrainian delegation led by Deputy Minister of Economic Development and Trade/ Trade Representative of Ukraine Natalia Mykolska also included representatives of the Ministry of Agrarian Policy and Food of Ukraine, the Ministry of Foreign Affairs of Ukraine, the Ministry of Economic Development and Trade of Ukraine, the Ministry of Infrastructure of Ukraine, the State Agency for Energy Efficiency and Energy Saving, the State Finance Institution for Innovations and the Embassy of Ukraine to the People's Republic of China.
In the course of the meeting Serhii Savchuk, Head of the State Agency for Energy Efficiency and Energy Saving, outlined promising sectors of bilateral cooperation in the "green" energy sector.
It should be noted that China is the world leader in renewable energy capacity expansion. It influences the global trends of the clean energy development. Thus, according to the International Energy Agency, since 2010, the cost of solar and wind energy has decreased by 70% and 25% respectively. This boosted the installation of solar and wind stations in other countries, including Ukraine. Hence, this is the prerequisite for opening a large domestic market for renewable energy projects.
On the outcomes of the meeting the parties confirmed their intentions to continue cooperation, including in the field of "clean" energy.