Ukraine seeks to reduce its current dependency on gas imports. To address the issue, a number of initiatives are being taken which are aimed at boosting energy efficiency, introducing energy saving technologies and renewable energy resources. The feed-in tariffs effective since April 2009, rank among the highest in Europe, which considering the saturated European market, makes Ukraine especially luring for the foreign investors in the field. As forecasted by the government, in the next 3-4 years Ukraine will be able to attract about 3 billion dollars of private investments for the development of renewable energy production.