Business news from Ukraine

Business news from Ukraine

DANISH COMPANY AND DTEK RENEWABLES AGREE TO BUILD FIRST STAGE OF 126 MW WIND FARM

1 March , 2021  

DTEK Renewables and the Danish company for the production of wind turbines Vestas have signed a contract for the construction of phase one of DTEK Tiligulska wind power plant (Mykolaiv region) with a capacity of 126 MW.
According to a press release from DTEK, Financing for the first stage will be drawn from funds raised by DTEK Renewables Finance BV’s green bonds issued in 2019 for an amount of EUR 325 million and with maturity of five years.
“When, in 2019, the first green eurobonds of DTEK Renewables were listed on the European stock exchange, we, as a company, took responsibility for implementing projects in Ukraine… In fact, this is our message to the world: Green energy in Ukraine has a future,” DTEK Renewables CEO Maris Kunickis said.
According to him, DTEK will continue to in clean and affordable energy and develop the renewable energy industry in Ukraine and hopes that the crisis related to non-payments for the renewable energy sector will be resolved soon, and the state policy regarding renewable energy will become understandable and predictable.
President of Vestas Northern & Central Europe Nils de Baar said that the Tiligulska WPP was the first order for the company’s EnVentus platform in Eastern Europe.
“We applaud the ambition of the Tiligulska project, and the confidence shown by DTEK in our technology as we continue to lower the cost of clean, renewable wind energy with the EnVentus platform,” he said.
According to the document, DTEK Tiligulskaya WPP will be equipped with innovative onshore wind turbines Vestas, suitable for low to medium wind speeds, the industrial production of which was launched early 2021. A total of 21 wind turbines with a capacity of 6 MW each will be installed at the wind farm. This model is the largest onshore wind turbine in the Vestas portfolio in terms of rotor size, spanning 162 meters from tip to tip, and its performance is a quarter higher than previous models.
According to DTEK’s calculations, the operation of phase one of the 126 MW wind farm will help reduce CO2 emissions by 504,000 tonnes per year.
The scalability of the Tiligulska wind power plant will also allow it to increase installed capacity to 564 MW, if required.

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