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You're reading: Ukraine inches forward on cleaner, affordable energy
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The European Bank for Reconstruction and Development announced on Oct. 8 that it would provide 5.7 million euros in financing for a 10 million euro solar energy plant that is being developed in Vinnytsia Oblast by Rengy Development.

With a planned capacity of 4.5 megawatts, the project is tiny compared to the 270 megawatts solar power capacity installed in recent years by Activ Solar, a company which has been linked by documents and reports to National Security and Defense Council chief Andriy Klyuyev. But it is still significant, as it represents the first solar power investment by the EBRD in Ukraine.

News about the EBRD-backed project came days after DTEK unveiled the 60 megawatt Botievo Wind Power Plant, describing it as the largest in Ukraine wind-based electricity generator in Ukraine thus far.  

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