Dragon Capital plans to invest over $3 million in 2026 to develop energy-efficient solutions at its facilities, with a focus on solar power plants, Alexander Shmorgun, Director of Facility Management at Dragon Capital PM, told Interfax-Ukraine.
He emphasized that the company continues to increase equipment capacity not only in view of the upcoming heating season.
“All of our shopping centers have gas heating, except for the Piramida shopping center, where heating is provided by electricity. During emergency power outages this winter—which totaled about 300 hours in January—the temperature at Piramida dropped to 14 degrees on the coldest day of the month. “We purchased additional generators with sufficient capacity to power the entire heating system of this shopping center,” he said on the sidelines of UCSC TALKS on Wednesday in Kyiv.
According to him, backup equipment is now necessary even in the summer: “We have also installed additional generators at other retail and office properties. The new equipment enables the cooling system to operate, ensuring a comfortable environment for tenants and visitors.”
Among Dragon Capital’s shopping centers, a 1.5 MW rooftop solar power plant has already been installed at the Victoria Gardens shopping center in Lviv, and preparations are underway to install a 2.5 MW solar power plant at the Victoria Gardens shopping center in Kyiv (formerly the Karavan Outlet shopping center). In the near future, a solar power plant project is planned for the Piramida shopping center with a capacity of just 275 kW, due to roof space limitations.
“We are relying on generators; they are expected to meet 100% of the demand. In winter, the solar power plant can generate about 10–15% of its capacity for the shopping center’s needs, which reduces the load on the generators. In summer, these capacities are projected to cover a significant portion of the shopping center’s needs,” Shmorgun said.
A similar concept of energy independence is being implemented in logistics complexes and office buildings. In total, the company plans to invest over $3 million in this area by 2026.
Currently, Dragon Capital PM manages 25 commercial real estate properties, including 12 office properties, 6 retail properties (the Victoria Gardens shopping centers in Lviv and Kyiv, the Smart Plaza Obolon, Piramida, and Aladdin shopping centers, as well as the McDonald’s location in Lviv), and 7 logistics complexes. The entire portfolio spans over 570,000 square meters, making the company one of the largest players in the real estate market in Ukraine.
