Business news from Ukraine

Business news from Ukraine

“Nova Poshta” has launched 1 MW solar power plant

7 January , 2025  

Nova Poshta, the leader in express delivery in Ukraine, has launched a 1 MW solar power plant (SPP).

“A megawatt power plant has been launched on the roof of Nova Poshta’s Kyiv Innovation Terminal. The field of solar panels stretches over an area of 5 thousand square meters,” the company’s co-owner Volodymyr Popereshniuk wrote on Facebook on Monday.

The total investment in the project amounted to UAH 14 million.

The expected payback period is three years.

Popereshniuk announced plans to install industrial uninterruptible power supply systems and energy storage equipment to improve the efficiency of energy facilities.

“The key to the growth of investments in our energy independence, in particular, was the abolition of VAT on imports of energy equipment. We were able to launch our energy program, develop renewable energy sources and reduce consumption from the general power grid,” said the co-owner of Nova Poshta.

As reported, in April 2023, in response to Russian strikes on the power grid, Nova Poshta established Nova Energy to develop regular electricity generation and ensure the autonomy of the company’s facilities. Since August, the company has been selling small wholesale diesel fuel on the open market.

Mr. Popereshniuk announced plans to install industrial uninterruptible power supply systems and energy storage equipment to improve the efficiency of energy facilities.

“The key to the growth of investments in our energy independence, in particular, was the abolition of VAT on imports of energy equipment. We were able to launch our energy program, develop renewable energy sources and reduce consumption from the general power grid,” said the co-owner of Nova Poshta.

As reported, in April 2023, in response to Russian strikes on the power grid, Nova Poshta established Nova Energy to develop regular electricity generation and ensure the autonomy of the company’s facilities. Since August, the company has been selling small wholesale diesel fuel on the open market.

Popereshnyuk said that after the war ends and the situation with energy supply improves, Nova Energy will be sold as a non-core business.

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