Norway’s NBT plans to invest $1.5 billion over five years to create 1,000 MW capacity in wind farms in southern Ukraine

Norway’s NBT plans to invest $1.5 billion over five years to create 1,000 MW capacity in wind farms in southern Ukraine, Joar Viken, CEO of the Oslo-based renewable energy company, tells UBN in Davos. “We hope what we are doing will open the eyes of other private investors to Ukraine,” he says. In February, construction starts on a first phase: construction of 64 Norwegian-made turbines for a $430 million, 250 mw wind farm on Lake Sivash, facing Crimea. This phase is to be complete by May, 2020.