Preparatory work is underway in Ukraine to create a fund that international financial organizations will finance to stimulate the construction of renewable energy facilities, said Andriy Konechenkov, Chairman of the Board of the Ukrainian Wind Energy Association.
“We, together with the European Ukrainian Energy Agency (EUEA), are working to create a so-called minimum price guarantee fund for producers of green and other electricity,” he said.
According to him, this fund will be established with the support of international donors to ensure investors a stable income level for an extended period and to protect them from electricity price fluctuations.
“Our task is for both small and large companies to use this fund,” said the UWEA head.
He emphasized that it is crucial to have insurance against price fluctuations that will contribute to the renewable energy industry’s development in Ukraine.