Denmark to invest $450 million in renewable energy and reconstruction of Ukraine

Denmark and Ukraine have signed a Memorandum of Understanding on long-term cooperation and Ukraine's reconstruction, the Ukrainian Economy Ministry announced on April 23.

The agreement stipulates that the Danish government will allocate approximately EUR 40 million ($43 million) to support private sector involvement in Ukraine's reconstruction, and an additional EUR 380 million ($407 million) fund critical infrastructure that uses renewable energy.

Additionally, the parties will facilitate dialogue between Denmark’s Ukraine Fund and domestic partners to support further cooperation on Ukraine's economic recovery.

Specific attention will be paid to the green transformation of the economy and implementing innovative technologies to upgrade the Ukrainian power grid, where Denmark holds leading positions in the global market.

Read also: Denmark to allocate $5.8 million for Ukraine's power grid repairs

Ukraine and Denmark will also cooperate in developing Ukrainian shipbuilding industry and marine port infrastructure.

On Feb. 23, Ukrainian President Volodymyr Zelenskyy and Danish Prime Minister Mette Frederiksen signed an agreement on security cooperation and long-term support for Ukraine.

Ukraine is expected to receive ongoing military support in various areas, focusing on air force and anti-aircraft defense, and maritime security with Denmark also supporting Kyiv’s membership in the EU and NATO.

The Danish Defense Ministry previously announced that the first Danish F-16 fighters will be delivered to Ukraine this summer.

We’re bringing the voice of Ukraine to the world. Support us with a one-time donation, or become a Patron!

Read the original article on The New Voice of Ukraine