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.
The Ukrainian Wind Energy Association (UWEA) and the European-Ukrainian Energy Agency (EUEA) have signed a memorandum of understanding (MoU) with the Ukrainian government regarding the improvement of conditions of support of renewable energy producers, UWEA Board Chairman Andriy Konechenkov has said.
“The memorandum was signed on the basis of voluntary restructuring,” Konechenkov said after signing.
At the same time, according to him, the Ukrainian Association of Renewable Energy (UARE), which participated in the negotiations, refused to sign the memorandum because of disagreement with the government’s position regarding the further development of solar energy, in particular, the termination of the existing system for supporting SES in the form of feed-in tariffs on July 31, 2020.
“Premier Shmyhal gave the UARE another day to talk with members of the association,” Konechenkov said.
“I turned to the prime minister with a proposal to meet the challenges of solar generation, but he, as well as the MPs from the Rada energy committee who were present during the talks, said that this is the maximum that we managed to agree with the majority of the MPs and the relevant ministries. This is the option for the memorandum,” Konechenkov said.
At the same time, he said that, in his opinion, there will be no stopping of solar projects due to the termination of the feed-in tariffs for them, since all [companies] will go to green auctions.
