The investment of the Norwegian company Scatec Solar in the construction of a solar power plant with a capacity of 150 MW in Mykolaiv region will amount to EUR180 million. Framework agreements for the participation of Norwegian developers in the construction of solar and wind power plants in Ukraine were signed during the Norwegian-Ukrainian Business Forum in Oslo on January 28.
Scatec Solar during the forum signed an agreement on the purchase of the relevant project with the Ukrainian company SM Invest & Construction.
The Dutch company SM Invest & Construction B.V., which is owned by Ukrainian citizen Roman Sotsky, owns Progresova Solar B.V. LLC and a number of other companies in Mykolaiv region. Sotsky and Oleh Mozgovy signed the memorandum on behalf of the Ukrainian side.
Norsk Solar, in turn, during the Oslo forum, signed a memorandum on the construction of a solar power station in Kyiv region for EUR9.2 million with Pro-Energy LLC, owned by Ruslan Delidon and Dmytro Osypov.
During the forum, a memorandum on the participation of the Norwegian company NBT in the installation of 742 MW wind power stations in Zaporizhia region was also signed. The project is designed until 2022 and is estimated at EUR1 billion.
Norwegian-based Scatec Solar and partners have closed financing for the 30 MW Kamianka project in Cherkasy region in central Ukraine with a total investment of EUR 35 million, the company’s press service said. The European Bank for Reconstruction and Development (EBRD) and FMO, the Dutch development bank have signed credit agreements for the non-recourse debt financing of the project. The credit facilities amount to EUR 24.5 million and cover 70% of the total project costs.
Scatec Solar says it is in the process of securing additional equity partners for the project.
Scatec Solar will be the lead equity investor in the project; it will also be the Engineering, Procurement and Construction (EPC) provider and provide Operation & Maintenance as well as Asset Management services to the power plant. Construction is starting early 2019 with commercial operation in the fourth quarter 2019.
The company says the project will be implemented under the country’s 10-year feed-in-tariff scheme and is expected to produce about 39 GWh per year. Public land will be leased for an extended time period and the solar power plant is expected to deliver power also beyond the feed-in-tariff period.
Scatec Solar is an integrated independent solar power producer, delivering rapidly deployable and sustainable clean energy worldwide. Scatec Solar develops, builds, owns, operates and maintains solar power plants and has an installation track record of more than 1 GW. The company has a total of 1.5 GW in operation and under construction in Argentina, Brazil, the Czech Republic, Egypt, Honduras, Jordan, Malaysia, Mozambique, Rwanda, South Africa, and Ukraine.
As reported, Ukraine’s parliament on November 20, 2018, passed draft law No. 8449-d in the first reading to introduce “green” auctions from 2020. The legislative initiative envisages, among other things, a reduction in the feed-in tariff for solar power plants by 25% in 2020, to be followed by a 2.5% decrease each year.
Norway’s Scatec Solar has included into its project portfolio the construction of solar power plants with a total capacity of 150 MW in Ukraine, the company’s press service reported. The company has not disclosed any other details regarding the construction of stations. As reported with reference to Cherkasy Regional Administration, Scatec Solar planned to build a solar power plant with the installed capacity of 25 MW in Kamianka, Cherkasy region. Scatec Solar has built solar power plants with a total capacity of 322 MW in different countries. The company is in the process of building plants with the capacity of 434 MW.
Scatec Solar operates in the Czech Republic, South Africa, Ruanda, Honduras and Jordan.
Norway’s Scatec Solar seeks to build a solar power plant with the installed capacity of 25 MW in Kamianka (Cherkasy region), the press service of the Cherkasy Regional Administration has reported. Scatec Solar has built solar power plants with a total capacity of 322 MW in different countries. The company is in the process of building plants with the capacity of 434 MW. Scatec Solar operates in the Czech Republic, South Africa, Ruanda, Honduras and Jordan.