The Antimonopoly Committee of Ukraine (AMCU) may grant permission on Thursday to the Saudi company FAS Energy to acquire four solar power plants from the Ukrainian group of companies SPP Development Ukraine.
According to the committee’s materials, four applications from the commercial company “FAS Energy” regarding the acquisition of more than 50% of the shares in Borodianka Solar Power Plant LLC, “Myhalivska Solar Power Plant,” “Solar Power Plant No. 8,” and “Solar Power Plant No. 11,” which are owned by the Ukrainian group of companies SPP Development Ukraine.
“On granting permission to the commercial company ‘FAS Energy’ to acquire control over Borodianka Solar Power Plant LLC through the direct purchase of shares in the authorized capital, which ensures a majority of more than 50% of the votes in the company’s highest governing body,” – reads one of the four AMCU issues regarding FAS Energy brought up for consideration at Thursday’s meeting.
SPP Development Ukraine is a Ukrainian group of companies specializing in renewable energy and energy infrastructure. The company integrates services in development, engineering, construction, project management (EPC), and operations and maintenance (O&M).
The ultimate beneficial owners (founders) of SPP Development Ukraine LLC are Ukrainian entrepreneurs Roman and Nadiya Petruchenko.
AMCU, FAS Energy, RENEWABLE ENERGY, SOLAR POWER PLANTS', SPP Development Ukraine
