On December 5, the Verkhovna Rada of Ukraine approved the law on Ukraine’s joining the Statute of the International Renewable Energy Agency (IRENA). The main aim of the organization founded in 2009 is to support the use of all kinds of renewable energy sources. Currently, the organization consists of 153 member states.
According to SerhiiSavchuk, the head of the State Agency on Energy Efficiency and Energy Saving of Ukraine, the membership in the organization will provide Ukraine with an opportunity to enter the international arena on renewable energy issues, as well as to draw experience, innovations, and investments of the leading world countries into the implementation of Ukraine’s “green” projects. Subsequently, it will contribute to the reduction of Ukraine’s energy dependence.
Membership in IRENA will enable Ukraine to:
• submit applications to Abu Dhabi Fund for Development (ADFD) for obtaining concessional loans needed for project implementation;
• get access to IRENA database regarding renewable energy sources usage, results of the newest research, and progressive financing mechanisms for renewable energy development;
• promote cooperation between Ukraine and developed countries to facilitate alternative energy development;
• improve legislation in the sphere of renewable energy by getting expert help from the Agency. According to the
Energy Strategy of Ukraine, by 2020 Ukraine is expected to generate 11% of “green” energy from the general energy balance. According to SerhiiSavchuk, there is a need to allocate approximately EUR 12 bln for achieving this aim.
Source: State Agency on Energy Efficiency and Energy Saving