Head of State Agency on Energy Efficiency and Energy Saving of Ukraine (SAEE) Serhii Savchuk held a meeting with the leadership of Association of Ukrainian-Arab Businessmen and Investors, where he presented potential areas of cooperation and investment attractiveness of Ukraine’s clean energy sector.
The Association represents companies that have considerable experience in implementing green projects in the Middle East, North Africa, the EU and are engaged in analysis of the Ukrainian market.
During the meeting, representatives of the Association noted the importance of Ukraine's membership in IRENA (International Renewable Energy Agency) to boost cooperation with different countries, including the UAE, in renewable energy.
At that, Serhii Savchuk informed about the already established partnership of SAEE with the Ministry of Energy and Industry (UAE) within the framework of the signed Memorandum in 2017.
Meanwhile, SAEE intends to launch cooperation with Saudi Arabia.
In general, the parties considered the current Ukrainian legislation and the peculiarities of implementation of green projects in the framework of auctions. Particular attention was focused on attractive investment areas:
- installation of renewable electricity and thermal power facilities;
- prospects for bioethanol and biodiesel production;
- solar power station (SPS) production to be used by private households;
- establishment of waste-to-energy plants.
In addition, participants of the meeting considered the possibilities of developing financial instruments for investment in clean energy projects in Ukraine, particularly, the participation in the establishment of the Green Investment Fund.