South Korea to invest in Dnipro region solar energy

Renewable energy Ukraine: South Korea to invest in Dnipro region solar energy

This article discusses the results of the #recent #meeting of the #Ambassador of the #Republic of #South #Korea with the #Dnipro region #administration.

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Following the meeting with the executive authorities of Dnipro region, the Ambassador of the Republic of South Korea in Ukraine announced that South Korean companies are interested in development of solar energy in the region. He noted that there are at least three areas in the region which are suitable for construction of solar plants. The region is also attractive to South Korea due to the fact that it has one of the highest population of Korean citizens residing in Ukraine (approximately over two thousand people).

We note, that as of 1 July 2016 the overall power capacity of Ukrainian alternative energy sector reached 1028 MW. In particular, the power generation capacity of solar power stations in Ukraine amounts to 453 MW, wind power stations – 426 MW, biomass plants – 31 MW and small hydro power stations – 118 MW. It is worth mentioning that in the first half of 2016 14 new alternative energy facilities were commissioned in Ukraine, namely 12 solar power stations (with the aggregate capacity of 37 MW) and 2 biomass plants (with the aggregate capacity of 2 MW). The overall amount of investment in such commissioned projects was calculated at EUR 42 million.

Additionally, the matters of cooperation in agriculture and recycling in the Dnipro region were discussed. The former is attractive to potential Korean investors as the region is ranked third in Ukraine by the volume of crops produced annually.

The Ministry of Agricultural Policy and Food of Ukraine forecasts that in 2016 Ukraine will have the biggest grain harvest in the history of the country. Thus, according to the preliminary estimations, in the grain harvest in 2016 will amount to 64 million tons with the average yield of 44 centners per hectare.

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