Ukraine should prioritize the development of green energy with specific decisions and actions that will stimulate investors to invest in this industry and reduce the energy deficit, said the top manager of German Notus Energy, Oleksandr Podprugin.
According to him, donors and investors who work or want to work with Ukraine feel the gap between declarations and genuine support because they do not think that RES is a priority at the state level. In his opinion, the second factor for attracting investment in the construction of new green power plants is the need for further reform of the electricity market that will make investors understand the state’s move to minimize manual regulation of the market, which worsens conditions and guarantees of investment return for implemented RES projects.
At the same time, Podprugin noted that Ukraine loses the competition for private investment to neighboring European countries – in particular due to logistics costs, insurance costs due to war risks, and higher construction costs. Therefore, the state must create conditions that are attractive for investors.