Business news from Ukraine

Norway’s Scatec starts commercial operation of third solar power plant in Ukraine

Norway’s Scatec and its partner FMO, the Dutch entrepreneurial development bank, have grid connected the 32 MW Kamianka project in Cherkasy region, the company said in a press release posted on GlobeNewswire.

According to the report, the plant will start commercial operations from January 1, 2021.

“We are pleased to complete our third project in Ukraine. The Kamianka solar power plant will lead to the abatement of more than 15,000 tonnes of CO² emissions, and will contribute to growing the share of renewable energy in the country,” CEO of Scatec Raymond Carlsen said.

The Kamianka solar plant is expected to deliver about 37 GWh per year and will be providing clean energy to more than 11,000 households.

Scatec now has almost 1.6 GW in operation globally. In addition, a portfolio of 320 MW is under construction, of which 203 MW in Ukraine.

Scatec is headquartered in Oslo and listed on the Oslo Stock Exchange (ticker SSO).


Norway’s Scatec Solar intends to begin the construction of solar power plants with a total capacity of 83 MW in Cherkasy region this year, the company’s press service has reported. The total cost of building solar plants is EUR 85 million. Scatec Solar expects the EBRD to participate in the project. According to the company, the matter concerns the construction of two stations with a capacity of 33 MW and 50 MW respectively. Land plots are to be rented from municipalities.
As reported, Scatec Solar previously included the construction of solar plants with a total capacity of 150 MW in Ukraine in its project portfolio.
Scatec Solar has already built and operates 322 MW solar plants in various countries, and another 434 MW of photovoltaic plants are under construction. Scatec Solar operates in the Czech Republic, South Africa, Rwanda, Honduras, and Jordan.

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