Business news from Ukraine

Business news from Ukraine

RENGY DEVELOPMENT PLANS TO BUILD 80 MW SOLAR PLANTS IN UKRAINE

Rengy Development plans to build 80 MW of solar power plants in Ukraine in 2019 and to double the total portfolio of completed projects, to 160 MW.
This was announced by Managing Partner of Rengy Development Narek Harutyunyan during the discussion on the topic “Renewable Energy in Details,” organized by the Golaw law firm.
According to him, objects of 50 MW are already under construction in Mykolaiv region, the construction of another 30 MW will begin soon. He suggested there will be lull in the market of building solar stations Ukraine in July-August in view of the uncertain situation with “green” auctions.
Rengy Development was established in 2009. Since then the company has built 12 solar plants: these are mostly stations of up to 5 MW, and several plants of over 10 MW. In July 2018, Scatec Solar (Norway) signed an agreement with Rengy Development on the joint construction of a solar plant with a capacity of 47 MW in Mykolaiv region for EUR52 million.

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