Ukraine Seeks Foreign Investors in Renewable Energy Market

http://www.renewableenergyworld.com/articles/2015/10/ukraine-seeks-foreign-investors-in-18-billion-renewables-market.html

Ukraine now wants to lure foreign investors in renewable energy to reduce dependence on Russian gas. The government in Kiev wants 11% of Ukraine's power to come from renewable resources, mainly biomass, by 2020. However, Ukraine needs foreign investors to help it reach its target.

Ukraine is now focusing its clean energy policy on bioenergy, including pellet-fired thermal power, in a drive to reduce 10 billion cubic meters of gas in power generation by 2020. The gas-saving target, outlined in a National Renewable Energy Action Plan, is equal to a quarter of the nation's total gas consumption of 42 billion cubic meters in 2014.

Ukraine's early wind and solar power projects counted on loans from development banks including the European Bank for Reconstruction and Development. Ukraine is also offering added inducements for clean energy investors alongside feed-in tariffs, including exemptions on VAT and import duties that expire in 2019.


 

This article is part of the Crop Biotech Update, a weekly summary of world developments in agri-biotech for developing countries, produced by the Global Knowledge Center on Crop Biotechnology, International Service for the Aquisition of Agri-Biotech Applications SEAsiaCenter (ISAAA)

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