Ukraine's new law to attract foreign investment

Ukraine's foreign investment climate is now more lucrative, thanks to the Law on "State Support for Investment Projects with Significant Investments in Ukraine." The government passed this law on February 13th, 2021. Its objective is to create a conducive business environment for high-value foreign investment in Ukraine. Foreigners will now invest in various sectors of the Ukrainian economy as partnerships, joint-stock companies, or wholly-owned subsidiaries.

The Solar Power Business in Ukraine

The development of Ukraine's renewable energy sector has been rapid over the past few years. This is supported by Renewables in Ukraine, which reveals that investments (in this energy sector) amounting to USD 1.4 billion have been made between 2009 and 2018. In 2018 alone, there was an 87% growth in solar power capacity. This growth continued throughout 2019 and 2020, despite challenges brought by the pandemic.