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Finance

UK and Ukraine wind associations sign cooperation agreement

The Ukrainian Wind Energy Association (UWEA) signed a Memorandum of Understanding with RenewableUK at the international Ukraine Recovery Conference in London on Thursday (22 June).

The document set out a series of objectives promoting collaboration, economic growth and shared commitments to decarbonise the energy sectors of Ukraine and the UK. The memorandum aims to enhance cooperation, knowledge exchange, market development and trade between the renewable energy sectors of both countries, the UWEA said.

“By partnering with RenewableUK, we are taking a bold stride towards harnessing the potential of renewable energy. The MoU sets the foundation for a fruitful collaboration focused on economic growth, knowledge exchange and energy market development of both countries,” said Oleksandr Podprugin, Deputy Chairman of the UWEA, who co-signed the memorandum.

This year’s Ukraine Recovery Conference focused on mobilising global backing for Ukraine’s economic and social stabilisation and revitalisation, aiming to address immediate requirements and encourage private sector involvement in the rebuilding efforts. Senior political figures, officials from international financial institutions, the private sector and civil society participated in the conference.

“Showing solidarity with the people of Ukraine is vitally important right now. This agreement to work closely with the Ukrainian Wind Energy Association is a tangible example of how we can demonstrate our support in a practical way, putting in place a framework to help to boost the future prosperity of the country. We’ll be collaborating closely by exchanging information on the latest developments in clean technology, renewable energy policy and best practice, so that we can roll out projects faster in both countries, backed by international investors,” said Vicky Mant, Commercial Director of RenewableUK, the other signatory of the document.

“It’s extraordinary to see that even during this period of intense conflict, Ukraine is still managing to build onshore wind farms, with a 19-turbine project just sixty miles from the front line being officially opened just last month. That level of tenacity speaks volumes about the level of commitment in Ukraine to ramp up its renewable energy capacity and we stand ready to help them to deliver even more,” Ms Mant added.

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