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15.05.2017

UKRGASBANK AND THE UWEA SIGNED A MEMORANDUM OF COOPERATION AND PARTNERSHIP

Memorandum of cooperation and partnership between the UWEA and the JSC “Ukrgasbank” aimed at developing energy efficiency and “green” electricity generation in Ukraine was signed on 26 April 2017.

Main areas of cooperation include join information campaigns, implementation of joint energy efficiency and “green” energy projects.

In May 2016, the International Finance Corporation and Ukrgazbank signed a Cooperation Agreement aimed at facilitating access to finance for companies willing to introduce renewable energy and energy saving technologies. Since the start of mutual project with IFC the Bank carried out nearly 20 “green” energy projects with total installed capacity of 115 MW.

Ukrgasbank is the first Ukrainian bank that started funding wind energy projects. Thus, in December 2016 the bank published on its website information on funding a wind energy project for construction of 70 MW Novotroitskiy wind power plant, which is implemented by company Vindkraft Tavria in Kherson oblast.