Norway has signed an agreement with the EU under which it will provide Ukraine with 425 million Norwegian kroner (approximately 40 million euros) for decentralized energy production, renewable energy, battery storage, and flexible local energy systems.
According to Ukrinform, this was reported on the Norwegian government’s website.
“Norway will provide 425 million Norwegian kroner [approximately 40 million euros] to help Ukraine restore the resilience of its energy system,” the statement reads.
It is noted that the assistance is focused on decentralized energy production, renewable energy, battery storage, and flexible local energy systems. This funding will strengthen the resilience of Ukraine’s energy supply, help accelerate recovery, and ensure the operation of critical services.
“Ukraine must get through the coming winter while building an energy system that is less vulnerable to attack. In cooperation with the EU, Norway is providing NOK 425 million to strengthen Ukraine’s energy security. This funding will help Ukraine meet urgent needs while also contributing to its recovery, modernisation and path towards EU membership,” said Norwegian Foreign Affairs Espen Barth Eide.
