Germany will allocate 45 million euros for investments in the rapid development of Ukrainian green energy.
It is expected that these funds will enable the creation of wind and solar power plants with a total capacity of more than one gigawatt of energy in the shortest possible time.
Unlike previous investments in the Ukrainian energy sector, the new financing is not for a specific project, but assumes a portfolio for a package of projects.
Also, with the support of Germany and Norway, Ukraine can attract up to one and a half billion euros from private investors for the development of green energy.
In return, Ukraine is expected to create a truly independent energy regulator and introduce corporate governance standards in state-owned companies.