The Antimonopoly Committee of Ukraine (AMCU) on January 21 will consider the applications of Nebras Power Investment Management B.V. (the Netherlands), a member of the Qatar group Nebras, for the acquisition of 50% and more in six companies operating solar and wind power plants of businessman Vasyl Khmelnytsky and his partners.
According to the committee’s agenda, the matter concerns providing 50% in Volyn West Wind-1 LLC, Volyn West Wind-2 LLC, as well as over 50% in Free Energy Henichesk LLC, Scythia-Solar-1 LLC, Scythia-Solar-2 LLC and Port Solar LLC.
The committee will also consider the issue of granting permission to Cyprus-based Enox Trading Limited and Serhiy Yevtushenko to establish Volyn Wind Cyprus Limited.
According to data on UDP Renewables’ website, SES Free Energy (18.3 MW) began generating electricity in November 2018, Scythia-Solar-1 (13 MW) in March 2019, Scythia-Solar-2 (33 MW) in July 2019, Port Solar (8.4 MW) in October 2019.
The declared capacity of two phases of Volyn West Wind is 57 MW and 56.8 MW.
UDP Renewables is an investment and development company in the renewable energy industry. The strategic investor in UDP Renewables is Vasyl Khmelnitsky’s holding company UFuture.
