Business news from Ukraine

DTEK RENEWABLES COMMISSIONS SOLAR PLANT IN DNIPROPETROVSK REGION

DTEK Renewables has commissioned the 240 MW Pokrovska solar plant (Nikopol district, Dnipropetrovsk region).
The press service of the company said Pokrovska solar plant is a project implemented by Ukrainian companies and specialists. Some 16 enterprises took part in the construction, which received orders worth EUR48 million.
Pokrovska solar plant consists of 840,000 solar panels manufactured by Risen (China). It is expected that each year the plant will produce 400 million kWh of “green” electricity, which is enough to provide 200,000 households.
“Pokrovska solar plant is the company’s third project in solar energy, investment in which amounted to EUR193 million,” DTEK CEO Maksym Tymchenko said.
He said that the payback period in current tariffs is estimated at six to six and a half years.
In addition, he said that DTEK plans to implement the project for building the Energy Storage system either at Pokrovska or Nikopol solar station.

, ,

CHERKASYOBLENERGO INTENDS TO BUILD POWER GRIDS FOR CONNECTING SOLAR PLANT OF SCATEC SOLAR

JSC Cherkasyoblenergo intends to build two overhead power grids of 150 kV for connecting Greenteco LLC solar power station with a capacity of 55.4 MW (Chyhyryn district of Cherkasy region) to the 150/35/10 kV Orbita substation, according to the website of the unified register of environmental impact assessment.
It is also planned to reconstruct the 35 kV PRK-1 and PRK-2 grids to transfer them to a power of 150 kV.
Greenteco solar plant belongs to the Norwegian company Scatec Solar.
As reported, in July the European Bank for Reconstruction and Development issued a loan of EUR19.7 million to Greenteco solar plant for the construction of a solar station. The total project cost is EUR56.2 million.
In 2018, Scatec Solar established and acquired about half a dozen companies in Ukraine to carry out its solar plant construction projects. The company plans by 2020 to build about 400 MW of capacity in Ukraine.

,

STATE REGULATOR SETS FEED-IN TARIFF FOR SOLAR PLANT OWNED BY ETG GAS TRADER

The National Commission for Energy, Housing and Utilities Services Regulation (NCER) has set a feed-in tariff for the ETG Solar 5 LLC solar plant with a capacity of 11.1 MW (Zhovti Vody, Dnipropetrovsk region) at a rate of 15.03 euro cents per kWh.
According to the NCER’s website, the commission made such a decision at a meeting on October 3.
The validity of the tariff is until January 1, 2030.
The commission also provided tariff for Dniproukrenergo LLC station with a capacity of 6.2 MW (Nova Kakhovka, Kherson region). The company is owned by Logos Firm LLC and Mykyta Hostev, who is the director of Dniproukrenergo.
In addition, feed-in tariff was given to Sunny City LLC with a capacity of 8.3 MW (Ivano-Frankivsk region). The company is owned by Sansolar LLC, Andromeda Industry LLC and Yevhen Yaremenko. The ultimate beneficiary is Andriy Havryliv.
The NCER also set the tariff for the second stage of Ternovytsia Solar LLC with a capacity of 15.5 MW (Ternovytsia, Lviv region). The company is owned by Vydobutok Plus LLC and Greenville closed non-diversified venture corporate investment fund. The ultimate beneficiary is Ivan Torsky.
ETG Solar 5 LLC is owned by Energy Trade Group LLC, the largest private gas supplier to Ukraine. The ultimate beneficiary is Oleksiy Bondarenko. The number of clients of Energy Trade Group at the beginning of 2019 exceeded 2,500 companies.

, , , ,

NORDIC ENVIRONMENT FINANCE CORPORATION TO GIVE EUR 4.35 MLN TO NORWAY’S NORSK SOLAR FOR CONSTRUCTION OF SOLAR PLANT NEAR KYIV

The Nordic Environment Finance Corporation (NEFCO) will lend EUR 4.35 million to Norway’s Norsk Solar for the construction of a 9 MW solar power plant near the town of Brovary in Kyiv region. According to NEFCO’s press service, Norsk Solar itself will allocate another EUR 4.35 million for the construction of the plant.
“We are happy to be able to join forces with NEFCO to construct this solar power plant in Ukraine. We estimate that it will provide more than 5,000 households with renewable energy over the next few decades,” NEFCO’s press service quoted CEO at Norsk Solar AS Oyvind Vesterdal as saying.
The solar plant is located in the village of Semypolky and will be built on a total land area of 12.6 hectares. The plant is to be commissioned at the end of 2019.
The project owner and majority equity contributor, Norsk Solar AS, is part of the Norsk Vind group.
Norsk Solar is owned by Norwegian Lars Helge Helvig.
As reported, at the end of January, Norsk Solar and the Ukrainian engineering company Pro-Energy, which is owned by Ruslan Delidon and Dmytro Osypov, signed an agreement on the construction of a solar power plant in Kyiv region.

, , ,

GGF WILL ISSUE EUR 9 MLN TO NORWEGIAN SCATEC SOLAR FOR BUILDING SOLAR PLANT NEAR KYIV

The Green for Growth Fund (GGF) will provide the Norwegian company Scatec Solar, represented by Scatec Solar ASA, with a loan of EUR 9 million for the construction of a 45 MW solar power plant near Bohuslav (Kyiv region).
According to a press release from GGF, this year this is the second major investment by the Norwegian company in the renewable energy fund in Ukraine. The first one was the project of the 250 MW wind farm Syvash (Kherson region).
In general, the fund’s investments in Ukraine amount to almost EUR63 million. This project will contribute to the country’s strategy to increase the share of renewable energy in its total supply to 25% by 2035, the fund said in a press release.
The Green for Growth Fund finances renewable energy projects aimed at reducing carbon dioxide emissions in 19 countries of South-Eastern Europe, the Caucasus, Ukraine, Moldova, the Middle East and North Africa.

, , , ,

SCATEC SOLAR SELLS 40% OF SOLAR PLANT PROJECT TO DUTCH DEVELOPMENT BANK FMO

Scatec Solar in early June signed an agreement with the Dutch development bank FMO to sell a 40% stake in the project of building the Kamyanka solar power station with a capacity of 32 MW in Cherkasy region, the company’s press service has reported.
According to its data, the project with a total cost of EUR35 million is 70% financed by a loan from the European Bank for Reconstruction and Development (EBRD), the rest was issued by FMO.
According to the project, Scatec Solar is also a supplier of design, procurement and construction services and will provide services for its operation and maintenance, as well as asset management, the report says.
As reported, Scatec Solar plans to build about 400 MW solar plants in Ukraine in 2019.

, , ,