Business news from Ukraine

Business news from Ukraine

Ukraine agrees with German partners on development of renewable energy sources in Chornobyl NPP zone

NPC Ukrenergo, the Ministry of Environmental Protection and Natural Resources of Ukraine, the State Agency of Ukraine on Exclusion Zone Management and the German company NOTUS energy Invest Ukraine GmbH have signed a Memorandum of Cooperation in the development of renewable energy projects in the 30-kilometer zone of the Chornobyl NPP.

As Ukrenergo reported on its Telegram channel, the document refers to stable and secure electricity supply from the exclusion zone using existing infrastructure and networks.

“One of the key results of cooperation should be the creation of additional renewable energy facilities. This will increase the reliability of power supply to the surrounding settlements and increase the share of renewable energy in the Ukrainian power system,” the company said.

In addition, within the framework of cooperation, Ukrenergo will forecast the development of generating capacities and develop the transmission system to ensure the grid capacity in accordance with market needs.

The company reminded that this is not the first cooperation between Ukrenergo and German partners. In particular, more than EUR 30 million of loans from the KfW have been attracted for the implementation of projects to restore and reconstruct substations. Also, German transmission system operators constantly help the NPC with the replacement of equipment damaged by shelling.

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