Business news from Ukraine

Business news from Ukraine

NORSK SOLAR FROM NORWAY SIGNS CONTRACT WITH UKRAINIAN CONTRACTOR FOR BUILDING SOLAR POWER PLANT NEAR KYIV

Norway’s Norsk Solar has signed an agreement with the Voltage Group Ukrainian Company for designing and building of a 9 MW solar power plant near the town of Brovary in Kyiv region, the Nordic Environment Finance Corporation (NEFCO) reported on its website. According to the NEFCO, Voltage Group developed design documentation for construction of the solar plant on a total land area of 12.6 hectares.
The plant, which is located in the village of Semypolky, is to be commissioned at the end of 2019.
As reported, the NEFCO will lend EUR 4.35 million to Norway’s Norsk Solar for the construction of the plant, while Norsk Solar will issue another EUR 4.35 million.
The project owner and majority equity contributor, Norsk Solar AS, is part of the Norsk Vind group.
Norsk Solar is owned by Norwegian Lars Helge Helvig.
Ukrainian SPP will be the second such kind of a project for the company.

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NORDIC ENVIRONMENT FINANCE CORPORATION TO GIVE EUR 4.35 MLN TO NORWAY’S NORSK SOLAR FOR CONSTRUCTION OF SOLAR PLANT NEAR KYIV

The Nordic Environment Finance Corporation (NEFCO) will lend EUR 4.35 million to Norway’s Norsk Solar for the construction of a 9 MW solar power plant near the town of Brovary in Kyiv region. According to NEFCO’s press service, Norsk Solar itself will allocate another EUR 4.35 million for the construction of the plant.
“We are happy to be able to join forces with NEFCO to construct this solar power plant in Ukraine. We estimate that it will provide more than 5,000 households with renewable energy over the next few decades,” NEFCO’s press service quoted CEO at Norsk Solar AS Oyvind Vesterdal as saying.
The solar plant is located in the village of Semypolky and will be built on a total land area of 12.6 hectares. The plant is to be commissioned at the end of 2019.
The project owner and majority equity contributor, Norsk Solar AS, is part of the Norsk Vind group.
Norsk Solar is owned by Norwegian Lars Helge Helvig.
As reported, at the end of January, Norsk Solar and the Ukrainian engineering company Pro-Energy, which is owned by Ruslan Delidon and Dmytro Osypov, signed an agreement on the construction of a solar power plant in Kyiv region.

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