This year, renewables will account for 70% of total investments worldwide in electricity

Tuesday, June 22, 2021

, the International Energy Agency says in a new report. Renewables, largely wind and solar, will get $530 billion, the Agency says in the 64-page study. This year, for the sixth year in a row, investment in renewables will exceed investment in oil and gas. For European investors, Ukraine is attractive because of untapped wind potential and because sites for onshore wind turbine towers are increasingly hard to find, largely due to population densities.

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On the other side of Ukraine, in southern Zaporizhia region, Norway’s NBT starts construction this summer of Zophia, a 75-wind turbine farm with a capacity of 338 MW.

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