Wind Solar Energy LLC (Kyiv) intends to build a 60 MW wind power plant in Zhytomyr region, according to the website of the unified register of environmental impact assessment.
The project includes building 18 wind turbines with a capacity of up to 5.6 MW each. The height of the towers will be 166 meters, the diameter of the rotor is up to 150 meters.
In addition, the plans include the construction of 12 km of technological roads, 12 km of cable networks, as well as power lines of up to 6 km. The operation life of the wind farm is 20 years.
As reported, Wind Solar Energy intends to build three phases of the Lisova wind plant with a total capacity of up to 190 MW in the area of the Pokaliv village (Korosten district, Zhytomyr region).
According to data posted on the company’s website, Wind Solar Energy through its subsidiary Solar Kvant has been operating solar plants of 5 MW on 10 hectares in Dnipropetrovsk region since 2013.
According to the unified register of legal entities, the ultimate beneficial owner of Wind Solar Energy is Elvira Tesliuk, before that the Cypriot company WSE CYPRUS LTD was in the ownership structure.
INTEGRITES acted as local counsel to EuroCape Ukraine, an indirect subsidiary of LongWing Energy, a Luxemburg-based independent power producer operating renewable assets in Europe, in connection with the financing of the first 98 MW phase of a 500 MW wind farm in Zaporizhia region, Ukraine.
The first phase of the project build-out is financed by a mixture of debt and equity. The Overseas Private Investment Corporation (OPIC) is providing US$150 mln in long-term financing. The remaining project costs are financed by LongWing S.C.A, VLC Renewables and GE Capital’s Energy Financial Services. GE Renewable Energy will also supply the turbines for the 98 MW.
The first phase of the project is under construction and shall enter operation in the first quarter of 2020. The subsequent phases are intended to be finished in the course of 2020. The wind park when fully constructed is expected to reduce carbon emissions by more than 4.86 tons per year and provide 780,000 of households in Ukraine with electricity.
INTEGRITES was retained by the sponsors as local counsel on overall aspects of financing, construction, regulatory, corporate and other development matters related to the project. In particular, the advice included structuring, advice on capital and exchange controls, review of the project and finance documentation as well as complex advice on the FiT regime, the PPA and the grid connection agreement.
«We are delighted to see that this pioneering and large-scale wind energy project has successfully achieved the financial close. Above all, this project will have a positive social and environmental impact for the region and we are proud to have contributed to promoting the sustainable development of Ukraine”, – comments Igor Krasovskiy, partner and project lead at INTEGRITES.
«I am very proud to see INTEGRITES helping to implement the second wind farm project financing in Ukraine after the Syvash deal, closed by our team a few months earlier this year. I am sure that reaching financing for the remaining 402 MW will be as successful as this deal», – said Dr. Oleksiy Feliv, Managing Partner at INTEGRITES.
INTEGRITES team included, among others, Managing Partner Dr. Oleksiy Feliv (Energy and Real Estate), partners Igor Krasovskiy (Finance/Projects), Illya Tkachuk (M&A and Corporate), Viktoriya Fomenko (Tax and Customs law), counsels Serhii Uvarov and Gennadii Roschepii, senior associates Olena Savchuk, Inna Kostrytska and Yuriy Korchev, associates Oleh Kotliar and Victoriia Shvydchenko.
About Longwing
LONGWING ENERGY SCA is a European IPP platform which acquires, constructs and long-term operates onshore wind and solar parks in Europe. LongWing Energy owns a pipeline of operating and development wind park projects of approx. 900 MW located in France, Poland and Ukraine. The company has a growth strategy targeting additional markets.
About INTEGRITES
INTEGRITES is a full-service law firm with headquarter in Ukraine. Particularly focused on renewables, the firm represents the biggest international clients with a cumulative commitment to 2 GW of wind and 500 MW solar power projects in Ukraine which ensures the firm’s leading position on the regional market. For more information visit www.integrites.com
DEVELOPMENT, INTEGRITES, LONGWING ENERGY, WIND FARM, ZAPORIZHIA
Wind Solar Energy LLC (Kyiv) intends to build the Lisova-2 wind power plant (Korosten district, Zhytomyr region) with a capacity of 57 MW, according to a single register of environmental impact assessment.
The project includes building 19 wind turbines with a capacity of 4.2 MW each. The height of the towers will be 130 meters. The operation life of the plant is 20 years.
As reported, Wind Solar Energy intends to build three phases of the Lisova wind plant with a total capacity of up to 190 MW in the area of the Pokaliv village (Korosten district, Zhytomyr region).
According to data posted on the company’s website, Wind Solar Energy through its subsidiary Solar Kvant has been operating solar plants of 5 MW on 10 hectares in Dnipropetrovsk region since 2013.
Ovid Wind II LLC (Kyiv) intends to build the Roksolanivska wind farm (Ovidiopol district, Odesa region) with a capacity of 96 MW, according to the website of the unified register of environmental impact assessment. It is planned within the project to build 16 wind turbines with a capacity of 6 MW each. The height of the towers will be 140 meters.
In addition, it is planned to build a 110/35 kV substation and 110 kV power grids. The term of operation of the wind plant is 20 years.
Ovid Wind II belongs to the Cypriot company DLG Wind Rose Ltd. According to the unified register of legal entities, the director of Ovid Wind II is managing partner of INTEGRITES law firm Oleksiy Feliv.
Wind Solar Energy LLC (Kyiv) intends to build the Ovruch wind power plant (Ovruch district, Zhytomyr region) with a capacity of 25 MW, according to the website of the unified register of environmental impact assessment.
The project includes building seven wind turbines with a capacity of 3.57 MW each. The height of the towers will be 130 meters.
In addition, it is planned to build 35 kV power grids. The operation life of the farm is 20 years.
As reported, Wind Solar Energy intends to build three phases of the Lisova wind farm in the area of the Pokaliv village in Korosten district, Zhytomyr region, with a total capacity of up to 190 MW.
According to data posted on the company’s website, Wind Solar Energy through its subsidiary Solar Kvant has been operating solar plants of 5 MW on 10 hectares in Dnipropetrovsk region since 2013.
The European Bank for Reconstruction and Development (EBRD) under EBRD’s Ukrainian Sustainable Energy Lending Facility III (USELF III), a EUR 250 million facility to support renewable energy in Ukraine, will partially finance construction of the Dnepro-Bugsky wind farm with a planned capacity of 110 MW located in Oleksandrivka (Kherson region).
The decision was made by the EBRD board on July 10, EBRD Senior Adviser External Affairs for Eastern Europe & Central Asia Usov told Interfax-Ukraine on Thursday.
EBRD said that Dnepro-Bugsky Wind Power Station LLC is the borrower of the funds. The borrower is ultimately fully owned by three sponsors, Akuo Energy SAS (France), Saffelberg Investment NV (Belgium) and Aeolus Invest NV (Belgium). The limited liability company is a special purpose vehicle incorporated in Ukraine for the purpose of developing, constructing and operating the project.
The total cost of the project is EUR 188.64 million. The possible share to be paid by the EBRD is not disclosed.
According to other materials of the project posted on the bank’s website, Dnepro-Bugsky wind farm will belong to Akuo Energy.
The project consists of 25 4.4 MW turbines on the Dniprovsko-Buzsky Lyman, which will be delivered by Nordex. Under the project it is planned to build a 150 kV power line to the Posad-Pokrovska substation of 27.3 km long with 194 pillars.
