Dmytro Kuleba discussed large-scale investments in Ukraine's green energy with German business

During the working visit to Germany, Minister of Foreign Affairs of Ukraine Dmytro Kuleba held the working meeting with German business and the management of the German Committee on Eastern European Economic Relations in Berlin.
 
The key topics of discussion were the development of the Ukrainian-German energy partnership, the implementation of major investment projects in the field of renewable energy, including the production and supply of "green" hydrogen.
 
"I am very pleased with our practical discussion on specific mutually beneficial projects that will promote trade and investment between our countries, employment creation in Ukraine. I assure that the energy partnership between Ukraine and Germany is a priority for the Ukrainian government", emphasized the Minister.
 
 
Last week, Germany presented 62 projects that have gained national significance and was intended to substantially improve the integration of hydrogen technologies into the German economy.
 
Within the meeting with the participation of the President of the Energy Association «Ukrainian Hydrogen Council» Oleksandr Riepkin with representatives of German business expressed a strong desire to find partners for joint projects for the production of "green" hydrogen and biomethane with further transportation to Germany. This will attract German funding for selected projects.
 
The parties also discussed the possibility of organizing a Ukrainian-German business forum in October this year to deepen cooperation between business representatives of both countries.
 
 
Indeed, Ukraine has significant potential in the production of "green" hydrogen and the available infrastructure for transportation and is ready to develop cooperation with Germany in this direction. As part of the global decarbonisation trend, hydrogen is increasingly seen as an integral part of the energy of the future.
 
It will also be recalled that Germany has developed a total of 38 activities as part of its National Hydrogen Strategy (published last summer). It provides significant funding for international cooperation: 2.8 billion euros, starting in 2021, will be allocated to projects related to "green" hydrogen, with the involvement of foreign partners (for domestic German activities until 2030, 7.8 billion euros).