KYIV, Nov 23 – The state-controlled Oschadbank plans in 2018 to increase funding for renewable energy projects by 30%, the figure will exceed EUR 57 million, the press service of the financial institution has said.

"In 2018 Oschadbank plans to spend more than EUR57 million on financing four renewable energy projects with a capacity of 69.7 MW. These are the projects of building biogas plants with the capacity of 34.7 MW for the amount of EUR30 million in Volyn, Chernihiv and Sumy regions, and the construction of solar power plants with a capacity of 35 MW for the amount of EUR 27.5 million in Dnipropetrovsk region," the report said.