Business news from Ukraine

Business news from Ukraine

Mayak plant in Vinnytsia has installed 236 kW solar power plant

26 September , 2025  

A large Ukrainian manufacturer of heating devices and equipment for heating systems (TM Termia), JSC Vinnytsia Mayak Plant, has installed its own solar power plant (SPP), according to Andriy Ocheretny, deputy head of the Vinnytsia City Council.

“The SPP was launched on September 19, 2025. A total of 384 solar panels were installed. The peak capacity is 236.16 kW,” he wrote on Facebook on Thursday.

As specified by City Council Deputy Vyacheslav Terlikovsky, the enterprise took advantage of the Vinnytsia City Council’s program to compensate for the cost of equipment from renewable energy sources.

According to him, the installation of the SES was carried out by Promavtomatika Vinnytsia LLC, which will also provide further maintenance.

The Mayak plant, under the Termia trademark, manufactures, among other things, air heating units (heat guns, fan heaters, air curtains), electric convectors, electric boilers, and heating radiators.

According to the company’s annual report on its website, in 2024, its consolidated net profit decreased by 2.4 times compared to 2023, to UAH 7.6 million, and net income decreased by 10%, to UAH 251.6 million.

Ocheretny also reported that an application for compensation from the Vinnytsia City Council for the purchase of equipment for the production of electricity from renewable sources was submitted by PP “Konex,” which specializes in the trade of pharmaceutical products.

“PP Konex now also has its own solar power plant with a total capacity of 60 kW. In total, 108 panels (560 W each) and 20 storage batteries (5.12 kW each) are installed on the roof of the enterprise,” he wrote.

According to its website, the Konex pharmacy chain has more than 200 pharmacies in the Vinnytsia, Khmelnytskyi, Chernivtsi, Cherkasy, Kirovohrad, Zhytomyr, Ivano-Frankivsk, Kyiv, Rivne, Ternopil, and Odesa regions.

According to its report, Konex earned UAH 51.8 million in net profit and UAH 3.5 billion in revenue in 2024.

 

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