Ukraine needs 16 billion euros to develop renewable energy

Ukraine needs 16 billion euros to develop the renewable energy sources in Ukraine till 2020.

Chairman of the State Agency on Energy Efficiency and Energy Saving Serhiy Savchuk said this during an hour of questions to the government, an Ukrinform correspondent reports.

"Within the framework of the EU directive, the new government decided to adopt the national action plan on renewable energy up to 2020. Implementation of this plan to attract institutional and Ukrainian investors will increase the use of renewable energy in the total balance to 11%. We need 16 billion euros of investments," he said.

By Ukrinform