Denmark to provide €380 million to Ukraine to support renewable energy

Denmark to provide €380 million to Ukraine to support renewable energy

Elizaveta Volkotrub

The Memorandum also refers to the support and development of cooperation and business partnership between Danish and Ukrainian businesses

The Danish government will provide €380 million to Ukraine to support critical infrastructure and wind power projects.

This is stipulated in the Memorandum of Understanding on Long-Term Cooperation and Reconstruction of Ukraine, according to which the Danish government is committed to providing €380 million to support critical infrastructure using renewable energy, the press service of the Ministry of Economy of Ukraine reports.

"Today, our cooperation is already fruitful, but now we will make it even stronger, thanks to which Danish knowledge and innovations will be able to benefit Ukrainians and help restore their country," emphasized the Minister of Entrepreneurship of Denmark, Morten Bedskow.

It is noted that special attention will be paid to the green transformation of the economy and the implementation of innovative solutions in the field of critical infrastructure. In particular, to support critical infrastructure using renewable energy sources, the Danish government will allocate additional funding for the Ukrainian EIFO Mechanism in the amount of €380 million.

It is reported that the Memorandum envisages support and development of cooperation and business partnership between Danish and Ukrainian businesses in the field of critical infrastructure and maritime industry.

Earlier, EcoPolitic wrote, that the First Lady addressed Denmark, stressing that Ukraine needs alternative sources of energy to replace those destroyed by Russia with its missile attacks.

As EcoPolitic previously reported, the Danish Ministry of Climate and Energy has announced the largest tender for the construction of offshore wind farms on six sites with a total capacity of up to 10 GW.

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