UDP Renewables, a part of UFuture Investment Group, has launched its new solar power plant Scythia-Solar-2 in Melitopol (Zaporizhia region).
“UFuture and UDP Renewables continue to consistently realize the economic potential of Ukraine’s southern region following our long-term energy strategy. Now, the share of renewable energy sources in our country’s energy mix is only about 3%, but together we work towards changing this ratio. Our target is more than 160 MW of total production capacity by the end of 2019,” Founder of UFuture, Vasyl Khmelnytsky, said.
Scythia-Solar-2, with a peak capacity of 33.1 MW, occupies land area of 50 ha and consists of more than 91,000 solar modules produced by JA Solar. New PV PP will generate almost 42,000 MWh per year enabling to power 13,300 households.
“Scythia-Solar-2 is a high-tech facility. It is the second phase of our largest project Scythia-Solar, which we have started implementing in 2018. We have traditionally cooperated with Ukrainian equipment manufacturers and providers of respective services worth of UAH 288.5 million. During different stages of PV PP’s construction and operation, we created 315 jobs,” Managing Partner of UDP Renewables, Sergiy Yevtushenko, emphasized.
The project attracted €21.58 million of investments. The total capacity of two phases of Scythia-Solar is 46 MW, and the total investment reached €31.68 million. The launch of Scythia-Solar-2, instead of coal-fired power plants, will prevent 51 thousand tons of carbon dioxide emissions per year. Its general contractor is a Ukrainian group of companies, KNESS, and the financial partner is Oschadbank.
UDP Renewables is an investment and development company in the Ukrainian renewable energy sector. With diversification in type of renewable power generation and geography, by 2022 UDP Renewables strives to become one of the largest producers of clean energy in Ukraine, with total capacity of more than 300 MW. UDP Renewables is a part of UFuture Investment Group, a Ukrainian private equity firm and group of companies based in Kyiv. It unites businesses and social projects of Ukrainian entrepreneur Vasyl Khmelnytsky. Throughout its 20-year history, the group has accumulated a diversified portfolio of assets that spans both traditional sectors and industries of the future, and ranges from real estate, infrastructure and manufacturing to pharmaceuticals, renewable energy and technology.
INVEST, MELITOPOL, SOLAR POWER PLANT, UDP, VASYL KHMELNYTSKY
JSC Mykolaivoblenergo has concluded an agreement with Mykolaiv-based Svitlolux-Elektromontazh LLC on modernization of the substation Maryivka 150/35/10 kV (Bashtansky district, Mykolaiv region) to connect it to a solar power plant of Nick Solar LLC with a capacity of 10 MW.
According to ProZorro, the agreement worth UAH 4.9 million (including VAT) was signed on June 20, 2019.
According to the Single Register of Legal Entities and Individual Entrepreneurs, Nick Solar belongs to Cyprus-based Nicken Holdings LTD, which was owned by founders of investment company ICU Makar Paseniuk and Kostiantyn Stetsenko until 2019.
According to the law firm Sayenko Kharenko, which was a legal counselor of the U.S. VR Capital Group during the purchase of a 50% stake in Nicken Holdings LTD from ICU, Nicken Holdings owns 11 Ukrainian engineering companies which are constructing 11 solar power plants in Mykolaiv region with a total capacity of 127 MW.
VR Capital jointly with ICU built a 64 MW solar power plant near Kamianets-Podilsky (Khmelnytsky region). They are also finishing a 35 MW solar power plant project in Kherson region.
VR Capital Group President Richard Deitz through Cyprus-based Wiltan Enterprises Limited owns also Sunvin 12 and Sunvin 14 LLCs which in 2019 put into operation solar power plants with the capacities of 15.6 MW and 13 MW in Kirovohrad region.
MODERNIZES, MYKOLAIVOBLENERGO, NICK SOLAR, POWER, SOLAR POWER PLANT
Norway’s Scatec Solar jointly with China’s POWERCHINA Guizhou Engineering Co. Ltd. has started implementing a project to build the Prohresivka solar power plant with a capacity of 148 MW (Prohresivka, Mykolaiv region). The press service of the company reported that the total cost of the project is EUR 124 million. POWERCHINA covers 65% of capital expenditure. The launch of the plant is scheduled for H1 2020.
As reported, Scatec Solar in 2018 established and acquired about half a dozen companies in Ukraine to implement its projects on the construction of solar power plants.
Podilsky Energoconsulting LLC under a contract with PJSC Zaporizhiaoblenergo will reconstruct the Robocha substation to connect Scythia Solar 2 photovoltaic power plant with a capacity of 33 MW belonged to UDP Renewables of businessman Vasyl Khmelnytsky.
The cost of the contract signed on June 3, 2019 is UAH 20.641 million, according to the ProZorro e-procurement platform.
According to a posting on the website of UDP Renewables, the start of the operation of Scythia Solar 2 photovoltaic power plant is scheduled for September 2019.
The plant is located on the territory of Kostiantynivka rural council of Melitopol district of Zaporizhia region.
As reported, UDP Renewables on March 1, 2019 launched Scythia Solar 1 photovoltaic power plant with a capacity of 13 MW in Zaporizhia region. Investment in the project totaled $10.1 million.
KNESS (Podilsky Energoconsulting LLC is a member of the goup) acted as general contractor and Ukrgasbank (Kyiv) acted as a financial partner.
According to UDP Renewables, its plans include an increase in the 2 photovoltaic power plants portfolio to 175 MW in 2019.
TIU Canada on Thursday launched a solar power plant with a capacity of 13.575 MW in Kalynivka, Mykolaiv region.
The company’s press service reported that investment totaled over EUR 11 million. The plant cosists of 39,000 PV panels placed on 20 ha.
As reported, referring to TIU Canada in Ukraine Manager Valentyna Beliakova, TIU Canada plans to complete construction of two solar power plants with a total capacity of some 31 MW in Lymansky district of Odesa region this summer. The company will return to them after the adoption of the law on green auctions.
TIU Canada began its activity in Ukraine in June 2017. Its owner is the investment company Refraction Asset Management (Calgary, Canada). The company has already built a solar power plant with a capacity of 10.5 MW in Nikopol.
Belgium’s Upgrade Energy is finishing construction of a first phase of a solar power plant with a capacity of 5.9 MW in Korosten district of Zhytomyr region, installing 18,000 PV modules, the press service of the Zhytomyr Regional Administration has reported, referring to acting Director of the agricultural and industrial development and economic policy of the regional administration Viktor Hradivsky.
The total capacity of Irshansk solar power plant will be 25-30 MW.
In 2018, the Zhytomyr Regional Administration signed 14 memorandums with investors in solar power plants. In particular, Altostrata Energy Limited (Ireland) proposed a 65 MW solar power plant project in Luhyny district. In April, Altostrata Energy signed an agreement on connecting the plant to the power grid, and at the end of the month the company intends to start construction.
In the summer of 2019, a 10 MW plant is also expected to be launched in the village of Chopovychi, Malyn district, by the GESS group of companies (the United States).
In March, public hearings were held on the establishment of a feed-in tariff for a 20 MW solar power plant on the territory of the Khoroshiv merged territorial community, which Global Ecopower SA (France) intends to build.
As reported, Modus Energy International B.V. LLC (Lithuania) plans to build a 35 MW solar power plant on the territory of Lubar merged community. In February 2019, the company received a declaration for construction, as well as technical conditions for connection from national energy company Ukrenergo.
Eney International LLC is preparing land utilization documentation for the construction of a 55 MW solar power plant in the Brusyliv district.
A subsidiary of Naftogaz-Energoservice is developing a construction project for a 30 MW solar power plant on the territory of the Dubysche village council of Chudniv district.
Currently, one industrial 15 MW Hanska solar power plant (the investor is Better Energy Energo, Denmark) is operating in Zhytomyr region, which was launched at the end of last year.
