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  • Chairman of SAEE: Ukraine cooperates closely with world leading countries to leverage investment in renewable energy sector
    posted 01 December 2017 10:22

    Chairman of State Agency on Energy Efficiency and Energy Saving of Ukraine (SAEE) Sergiy Savchuk emphasized in his opening address to the Renewable Energy Forum '17 on November 30 in Kyiv that Ukraine closely works with the world leading countries to attract investment in renewable energy sector.

    "Over the past 3 years, we have initiated significant amendments to the legislation in order to ensure that investors can promptly and reliably return funds invested in" green "projects. As a result, since 2014, we have attracted 800 million euros in "clean" projects. Furthermore, we continue to work on the financing of projects in this area. For this end SAEE collaborates with authorities of many world countries, in particular: Germany, Denmark, Finland, and Canada", the Chairman stressed.

    "In the short term, the establishment of cooperation with China and the United States is being planned. Experiences, technologies and investment of the leading countries of the world are enormous contributions to the development of the domestic market of "green" projects", Sergiy Savchuk underlined.

    In his opening remarks he announced important news. On November 29, the Ministry of Foreign Affairs of Finland and The Nordic Environment Finance Corporation (NEFCO) signed an agreement on the creation of 6 million euros fund to finance high-quality renewable energy projects in Ukraine.