The National Energy and Utilities Regulatory Commission of Ukraine (NEURC) has set a feed-in tariff for the first stage of a wind power plant of EuroCape Ukraine I LLC (Zaporizhia region) with a capacity of 98.01 MW in the amount of 8.82 eurocents per kWh.
According to the decision adopted at the meeting on April 22, the tariff is valid until January 1, 2030.
The first stage of Zaporizhia wind farm consisting of 27 GE Renewable Energy wind turbines with a capacity of 3.6 MW in accordance with the SACI certificate was commissioned on April 7, 2021. The planned annual volume of electricity supply from the facility is 325.5 million kWh.
As reported, EuroCape Ukraine I announced plans to build 500 MW wind farms in Zaporizhia region back in 2009, however, in particular, due to problems with land allocation, the project entered the construction stage only in mid-2019.
Lending for the construction of the wind farm is carried out with the financial support of the U.S. International Development Finance Corporation (DFC, formerly OPIC), which in December 2017 approved a loan for $ 150 million and insurance with reinsurance in the amount of up to $ 320 million. The total cost of construction of the wind farm was then estimated at EUR466 million ($ 560 million).
In July 2019, General Electric (GE) and LongWing Energy SCA (Luxembourg) issued a $ 150 million debt financing package for the first stage of Zaporizhia wind farm.
EuroCape Ukraine I is part of EuroCape New Energy Ltd of the international concern Eurocape Group, which is engaged in the development and construction of wind and solar energy facilities. In addition to its activities in Ukraine, the concern also has large-scale projects in France, Italy, Romania and Poland.
Cyprus-based LongWing Ukraine Limited (formerly Eurocape (Ukraine) Limited) is a 100% beneficiary of EuroCape Ukraine I.
Touchstone Capital Group (the U.K.) is interested in a project to build an offshore combined solar and wind power plant in Ukraine, the press service of Ukraine’s Energy and Coal Industry Ministry has reported after a meeting of profile specialists of the ministry with a delegation of the company. “At the meeting, representatives of the company presented a project for the offshore combined solar and wind power plant with a gigawatt power capacity, which is unique not only for Ukraine, but also for the nearest neighboring countries. Its additional advantage is the availability of its own balancing capacities, which will ensure a more even schedule of electricity production. The project also envisages the use of a significant (more than 30%) share of components of Ukrainian production,” the ministry said in a statement.
The ministry said that it is important that the implementation of these large projects occur in accordance with the actual state and the plan for the development of the electricity transmission system, and does not lead to deterioration in the operational security of the country’s power grid.
In turn, representatives of Ukrenergo at the meeting reminded: 70-80% of the projects for the construction of “green generation” is being implemented in the southern region of Ukraine (Zaporizhia, Kherson, Mykolaiv and Odesa regions), which is energy-efficient and simultaneously lacks maneuvering capacities.
Touchstone Capital Group is engaged in property management, development of projects in the field of renewable energy. The group operates funds from Chinese and other international investors.
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