IX International Investment Business Forum “Renewable Energy and Energy Efficient Modernization of Industry” initiated by the State Agency of Energy Efficiency and Energy Saving of Ukraine was successfully held in Kyiv on 23 November 2017.

More than 600 participants including representatives of the central and local authorities, business, UN diplomats, Denmark and Switzerland, European Commission, UkrGasBank, Sberbank, EBRD, IFU discussed the investment attractiveness of green projects and the further development of renewable energy in Ukraine.

In his addressing speech Vice Prime Minister of Ukraine - Minister of Regional Development, Construction and Housing of Ukraine Gennadiy Zubko noted that the national energy independence is inextricably linked to energy efficiency and “clean” energy.

“Ukraine has the highest “green” tariffs in Europe for attracting investments to-date: no more country has either 15 or 16 euro cents for solar energy. With respect to wind energy I would say that capital investments in wind energy today are more efficient and more profitable than in solar energy and with a lower tariff”, said Mr. Zubko.

Sergiy Savchuk, Head of the State Agency on Energy Efficiency and Energy Saving of Ukraine presented modern support for renewable energy available in Ukraine. “Global trends show that renewable energy attracts more investment than traditional one. In addition, the cost of “clean” energy becomes cheaper and cheaper. This gives us the confidence that renewable energy will not only grow stronger, but will become a core in the energy decentralization of the country. “Green” projects offer opportunities for economic growth, enhance the country's energy security and improve the welfare of the entire population”, stressed Sergiy Savchuk.

Ruben Madsen, Ambassador Extraordinary and Plenipotentiary of Denmark to Ukraine, informed about the fruitful cooperation between Ukraine and Denmark in the field of renewable energy. He drew attention to the successful work of the Ukrainian-Danish Energy Center (UDEC) that has already begun cooperation with the Ministry of Energy, UWEA and NEC Ukrenergo to develop mechanisms for wind energy forecasting in Ukraine.

Viktoria Syromyatova, Head of Renewable Energy Department  DTEK RES, and Taras Fedak, Development Director of Eco-Optima LLC, presented successful implementation of their wind and solar projects in Ukraine.

Video of the IX International Investment Business Forum “Renewable Energy and Energy Efficient Modernization of Industry” is available at: