Plyskiv village in Ukraine: Vyacheslav Chykan gazes across the solar plant. Blue and silver hues shimmer across the PV panels on this 7MW solar plant, constructed using a loan enabled by the Green for Growth Fund (GGF) through its partner ProCredit Bank.
“This is the future of energy development in Ukraine,” states Chykan. As Financial Director of the plant, Chykan believes that solar power production in Ukraine has significant untapped potential as a renewable energy solution. “I am confident that one day, we will be able to replace non-renewable sources like gas and coal with sustainable sources like sun and wind.”
Ukraine has set itself a target of increasing the share of renewable energy in its total supply to 25% by 2035. The GGF is playing its role in helping Ukraine realize this goal by directly investing in renewable energy projects, as well as by channeling investments into projects such as this one through its local partner financial institutions.
The Plyskiv solar plant has not only contributed to achieving the country’s clean energy target but has also brought along advantages for the local community, such as employment opportunities. With the benefits created by solar power, the community now plans to welcome further green energy installations.