The European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC) have signed Memorandum of Understanding (MoU) documents with Ukraine's Ministry of Infrastructure to support projects in the country under the Public-Private Partnership (PPP) scheme.
One of the documents is a Memorandum of Understanding between NPC Ukrenergo and the EBRD on the preparation of an investment project for the construction of an energy storage facility and the Azovska 220 kV electric substation reconstruction. This project is aimed to create conditions to ensure the efficient operation of energy-saving institutions in Ukraine.
The second is the Agreement between the International Finance Corporation and NPC Ukrenergo to analyze the institutional framework, in particular, to research the ways to stimulate private sector investment in electricity storage projects.
The partnership of Ukraine and the two international financing institutions are set to propel the investment in the renewable energy sector in the country.
Country updates
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September 12, 2019
Scatec Solar, Rengy Development starts the operation of the 47 MW Rengy solar PV project in Ukraine
Scatec Solar and Rengy Development has connected to the grid and reached commercial operation for the 47 MW Rengy project in the south of Ukraine. The solar power plant will deliver clean energy to a...
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August 27, 2019
EBRD provides EUR149m loan to support upgrade of Ukraine’s transmission network
The European Bank of Reconstruction and Development (EBRD) has extended a loan of EUR149 million (US$166.1 million) Ukraine’s Ukrenergo that will be used to upgrade its power tra...
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August 07, 2019
UDP renewables launched the 46 MW Scythia Solar-2 solar park in Ukraine
UDP Renewables has launched the second phase of a 46 MW Scythia Solar-2 Park located in Melitopol, Zaporizhia region, southeastern Ukraine, with the total investment of EUR31.7 million (US$35.3 m...
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August 06, 2019
GE and LongWing reach financial close for first phase of Zaporizhia Wind Farm
GE and LongWing Energy S.C.A. has reached financial close on a US$150 million debt financing package for the first phase of the Zaporizhia Wind Farm, in the Zaporizhia region in southeast Ukraine. The...
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July 31, 2019
UDP Renewables launches Scythia Solar-2 PV project in Ukraine
UDP Renewables, a part of UFuture Investment Group, has launched its new solar power plant Scythia-Solar-2 in Melitopol (Zaporizhia region). Scythia-Solar-2, with a peak capacity of 33.1 MW, occupies...
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