Wednesday, October 28, 2015

Ukraine needs to attract foreign investors in $18 billion renewable energy market

According to Deputy Economic Development Minister Yuliya Kovaliv, Ukrainian government wants 11 percent of Ukraine’s power to come from renewable resources, mainly biomass, by 2020. Ukraine needs foreign investors to help it reach its target in a market worth about 16 billion euros ($18 billion), she said.
Country already has  about 3,650 megawatts in thermal power capacity from biomass, and can set aside about 4 million hectares of agricultural land for energy crops without any risk to agriculture.  Read more at http://www.bloomberg.com