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Norway’s NBT plans to invest €1.6 billion in Ukraine over the next year

Friday, August 7, 2020
Norway’s NBT plans to invest €1.6 billion in Ukraine over the next year

Norway’s NBT plans to invest €1.6 billion in Ukraine over the next year, Joar Viken, the company CEO, told President Zelenskiy yesterday. NBT is investing €1.2 billion to build Zophia, an 800 MW wind farm in southern Zaporizhia, on the northern shore of the Azov. The company also plans to invest €140 million to upgrade local power systems. In addition, NBT is spending €300 million to build with H2LLC a 200 MW hydrogen production plant, also in Zaporizhia.

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