Business news from Ukraine

ACCIONA AND UDP RENEWABLES LAUNCH NEW SOLAR POWER PLANT IN ODESSA REGION

Gudzovka-Solar PV PP reduces carbon dioxide emissions by 30,000 tons per year.
UDP Renewables, whose strategic investor is the holding company UFuture, pursues its partnership with the world leading company in renewables — ACCIONA. As part of the cooperation, two stages of new solar plant “Gudzovka-Solar” are commissioned in the city of Izmail, Odessa region. Investments in the project amounted to about €21 mln.
“I am proud that we have the opportunity to implement joint projects together with ACCIONA. Our partner is reliable, efficient and has high standards of work. We are glad that we were able to reveal Ukraine’s investment attractiveness for an international strategist, as our cooperation is an inspiring example of system-building cooperation,” said Sergiy Yevtushenko, managing Partner of UDP Renewables.
Gudzovka-Solar-1 PV PP and Gudzovka-Solar-2 PV PP have a peak capacity of 24.4 MW totaled up and are equipped with more than 72,000 solar panels manufactured by JASolar. This amount of innovative equipment generates about 33,600 MWh of electricity per year and can meet the needs of 13,000 households.
“Despite the turbulent period in the industry and in the world as a whole, UFuture systematically implements its strategic plans and invests in Ukraine’s renewable energy. We faithfully fulfil all our obligations to the state and our partners. Today, the company is considering various scenarios for further development in this area. Successful cooperation with the world’s leading market players formulates the necessary expertise and reputation base to expand our activities, both in Ukraine and, possibly, in foreign markets,” said Nicholas Tymoshchuk, CEO of UFuture.
The EPC contractor of the project was a group of companies KNESS, the financial partner was Credit Agricole Bank.
ADDITIONAL INFORMATION
UDP Renewables is an investment and development company in the Ukrainian renewable energy sector. With diversification in the 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 a total capacity of more than 300 MW.
UFuture is a holding company of Ukrainian entrepreneur Vasyl Khmelnytsky, which has a diversified portfolio of assets in the fields of real estate, infrastructure, industry, renewable energy, pharmaceuticals and IT. In particular, UFuture is a strategic investor in UDP Renewables. UFuture’s assets are valued at $500 million, and the total capitalization of the businesses in which it has invested is up to $1 billion.

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MV CARGO PLANS TO START ASSEMBLING SHIP LOADER AT YUZHNY SEAPORT IN ODESSA REGION

MV Cargo plans to start assembling a ship loader for the grain terminal of global trader Cargil at the Yuzhny seaport in October 2018. “The berth is almost a half ready, and the silos are at the finish line. In autumn they will be able to accept first grain. In October we will start assembling the ship loader,” the company said on its Facebook page. The company said that as of the second half of September, the project to build a grain terminal was implemented by 85%, and the terminal will be capable of storing 290,000 tonnes of grain.
The length of the berth is 428 meters, depth near the berth is 15 meters and depth of the approaching canal is 16 meters.
“Our terminal is one of the deepest grain terminals in Ukraine and the Black Sea region, and, if necessary, the depth of the berth can be increased to 16 meters and the approach canal – to 19 meters. The length of the berth wall and depth will allow us to accept large-tonnage vessels, and modern equipment – to load a ship like Post-Panamax in two or three days,” MV Cargo said.
It is planned that after the launch of the terminal, the terminal will ensure transshipment of 10% of grain produced in Ukraine.

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