The Green for Growth Fund (GGF), an impact investment fund advised by Finance in Motion, will finance a 45 MW solar power plant located close to the city of Boguslav, 120 kilometers South of Kyiv, in Ukraine. The project will be built, owned and operated by the Norwegian renewable energy developer Scatec Solar ASA. Together with its investment in the Syvash Wind Project, this marks the second investment for the fund in Ukraine’s renewable energy sector this year and brings the fund’s current investments in Ukraine to nearly EUR 63 million. This project will contribute to Ukraine’s strategy of increasing the share of renewable energy in its total supply to 25% by 2035.
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EUEA Director Oleksandra Gumeniuk, EUEA members Magnus Johansen, Scatec Solar and Tetiana Kovalenko, Indian Solar, told Doing business in Ukraine magazine about the changes that are taking place now with the electricity market in Ukraine and changes in the supporting system for electricity produced from RES.
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Indian Solar and Guris are partners of the upcoming Round Table “Investment attractiveness of balancing RES in Ukraine” which will be held by EUEA on 23th of July, 2019. Details and registration for those who interested via link: http://bit.ly/2JEGMgj