Green Forum • 14 June, 2024 at 7:00 AM
The European Bank for Reconstruction and Development (EBRD) established a renewable energy joint venture with GOLDBECK SOLAR Investment, which plans to construct and operate new solar PV projects in Ukraine, part of its efforts is to improve the resilience of the Ukrainian energy sector, which has come under fierce attacks by Russia in recent months.
EBRD is financing the first private energy deal led by a foreign investor to add renewable generation capacity in Ukraine since February 2022. The deal is subject to customary conditions precedent.
The deal, announced at the Ukraine Recovery Conference in Berlin, will strengthen EBRD's relationship with the GOLDBECK SOLAR Group, an experienced German solar energy company with more than two decades of experience in the sector and with active operations in over 12 countries. The GOLDBECK SOLAR Group currently employs over 550 people and has built more than 3 GW (gigawatts) of solar capacity in 20 countries.
The establishment of GOLDBECK SOLAR Investment Ukraine GmbH is a joint effort aimed at supporting Ukraine's domestic electricity generation to develop up to 500 MWp of new renewable energy production facilities. It will be the group's first investment and operation in Ukraine, and it also serves as an important benchmark for catalyzing foreign direct investments in Ukraine's energy sector, especially with a focus on reconstruction and green transition.