EBRD to invest nearly $100M into Ukrainian bioenergy

In the United Kingdom, the European Bank for Reconstruction and Development is preparing to finance 10 or 15 bioenergy projects in the Ukraine over the next year. The projects will have a combined value of about 80 million Euros, or nearly $100 million. The program will be financed by the Global Environment Facility and the Clean Technology Fund and will focus on using biomass for bioethanol, biogas and bio methane.

Sergiy Maslichenko, Associate Director for Energy Efficiency and Climate Change for the EBRD in Ukraine, told the Kyiv Post, “Ukraine, as an agrarian country, has large production residues, but now they remain in the fields, and therefore we are working on such a project.”

Maslichenko also said working with Ukrainian lawmakers and government is key and that “We intend to work on improving the regulatory field in this area. We see the potential for our partners in the agricultural sector to prepare for these projects soon, and we will eventually help them with grants.”