The new joint venture plans to implement solar projects with a total capacity of up to 500 MWp in Ukraine within the next three to five years. The collaboration with the European Bank for Reconstruction and Development marks the bank’s first equity investment in the Ukrainian energy sector since the beginning of the Ukraine conflict. This partnership not only strengthens the economic foundation of the projects but also reinforces the long-standing cooperation between the bank and company which have previously carried out joint projects in Poland and Kazakhstan.
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Success through teamwork
“We are very proud to support Ukraine in expanding renewable energy. We are aware of the risks due to the current political situation, but it is all the more important to take a stand today and invest in Ukraine’s future. We are pleased to have the EBRD as an experienced partner by our side, with whom we have already successfully collaborated on multiple projects,” explains Joachim Goldbeck, CEO of Goldbeck Solar Group.
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Holistic Approach
Grzegorz Zielinski, Director for Energy Europe at the EBRD, adds: “We are very pleased with our partnership with the Goldbeck Solar Group, an experienced global developer of renewable energy that is supporting Ukraine’s green energy future in these challenging times. We are confident that the EBRD’s holistic approach to the Ukrainian energy sector, both on the public and private level, will encourage further investment in the sector.”
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DEG Loan to Promote Renewable Energy Projects in Ukraine
To finance solar projects, Goldbeck Solar Investment has received a loan of five-million euro from the German Investment and Development Company, DEG. The funds come from the ImpactConnect program, initiated by the German Federal Ministry for Economic Cooperation and Development, BMZ. The goal is to support projects that have a positive social impact and contribute to sustainable energy supply.
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Cooperation with the Ukrainian government
During the Ukraine Recovery Conference in Berlin, Joachim Goldbeck and Svitlana Grynchuk, Deputy Energy Minister of Ukraine, signed a Memorandum of Understanding that lays the foundations for stronger cooperation between Goldbeck SolarInvestment and the Ukrainian Energy Ministry in the expansion of renewable energies in the country. The signing was attended by Energy Minister German Galushchenko and the Parliamentary State Secretary of the Federal Ministry for Economic Affairs and Climate Protection.
