Ukraine and Germany work together to attract investment in distributed generation projects

Illustrative photo:

Deputy Ministers of Energy of Ukraine Yaroslav Demchenkov and Farid Safarov met with a German delegation led by Ulrike Hopp-Nishanka, Head of the Task Force Ukraine at the Federal Ministry for Economic Cooperation and Development.

The delegation was briefed on the current situation in the energy sector, as well as Ukraine’s plans for sustainable recovery and intensification of cooperation with the German side. In particular, the meeting focused on projects for the development of distributed generation using renewable energy sources, energy storage systems, microgrid development, energy efficiency and decarbonisation of the sector.

“During the reconstruction, we need to take into account the potential of the regions and the capabilities of communities. We must jointly support local communities to help them prepare and implement distributed generation projects. It is important that we work together to create the conditions and prepare projects that will allow financial institutions and the private sector to join the creation of decentralised energy systems consisting of a combination of renewable energy sources, energy storage facilities, gas turbines and gas piston plants, and traditional generation, connected by smart microgrids,” said Yaroslav Demchenkov.

The parties discussed the creation of the necessary conditions for attracting investment and new technologies to the Ukrainian energy sector, the importance of the private sector’s role in green transformation projects, and the reforms needed to accelerate the energy transition and integrate Ukrainian energy markets into European ones.

“The Ukrainian energy sector, which has suffered unprecedented damage, needs not just restoration, but modernisation and rebuilding using the best modern practices and solutions. Therefore, we have set a goal to decentralise power generation through the development of green energy and the introduction of smart grids, as this will ensure the sustainability and energy efficiency of our energy system,” added Farid Safarov.

During the meeting, the parties stressed the importance of effective cooperation within the framework of the German-Ukrainian Energy Partnership.

It is worth noting that the Platform for the Reconstruction in Ukraine is an initiative of the German Federal Government, which brings together the Federal Ministry for Economic Cooperation and Development, the Federal Ministry for the Environment, Nature Conservation, Nuclear Safety and Consumer Protection, the Federal Foreign Office, and German institutions.

Cooperation within the platform aims to strengthen Germany’s contribution to Ukraine’s reconstruction and to ensure greater transparency, efficiency and effectiveness of reconstruction initiatives.

Read also: Ukraine will take an active part in the process of creating joint defense projects with NATO and the EU – expert