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11:29, 18-Nov-2017
Ukraine to increase green energy with China's help
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China and Ukraine have reached an agreement to deepen cooperation in renewable energy, the Ukrainian government said in a statement on Friday.
The agreement was reached during the plenary meeting of the Chinese-Ukrainian Subcommittee on Trade and Economic Cooperation in Beijing.
According to the statement, Ukraine, which heavily relies on imported energy, sees a great potential in its renewable energy cooperation with China.
"China is the world leader in renewable energy capacity expansion. It influences the global trends of the clean energy development," the statement said.
In particular, Ukraine is interested in implementing joint investment projects with China, establishing joint factories for the production of equipment and materials for renewable energy facilities, and creating financing mechanisms for clean energy projects, the statement said.
The move is in line with Ukraine's national "Energy Strategy," which has a goal of increasing the country's share of renewables in the energy mix from 4 percent to 25 percent by 2035.
Source(s): Xinhua News Agency