Ukraine Seeks Foreign Investors in $18 Billion Renewables Market
- Kiev wants 11 percent of power to come from clean energy
- Country seeks to reduce dependence on Russian gas imports
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Ukraine is trumpeting offers of breaks on tax and duties to lure foreign investors in clean energy as it pushes to reduce dependence on Russian gas.
The government in Kiev wants 11 percent of Ukraine’s power to come from renewable resources, mainly biomass, by 2020, Deputy Economic Development Minister Yuliya Kovaliv said in a speech in Berlin on Oct. 23. Ukraine needs foreign investors to help it reach its target in a market worth about 16 billion euros ($18 billion), she said.