Business news from Ukraine

ENERGY COOPERATIVE SONIACHNE MISTO PLANS TO LAUNCH PILOT PROJECT OF SOLAR PLANT CROWDFUNDING IN SLAVUTYCH

The first energy cooperative Soniachne Misto plans to launch a pilot project for the construction of a solar power station with a capacity of 100-150 kW at the expense of crowdfunding in Slavutych in 2019.
This was announced by Soniachne Misto head Andriy Zinchenko at the third Ukrainian-German forum “BEA: Bioenergy, Energy Efficiency and Agribusiness” in Kharkiv.
“The city leases several municipal houses to the cooperative, on which solar power stations will be built for the funds raised. Energy from the solar plants will be sold at feed-in tariffs. Part of the profit will be paid to cooperative members, another part will be redistributed for energy efficient measures in the city,” Slavutych Mayor Yuriy Fomichev said at a press briefing.
“Legally, we will conduct campaigns for the sale of shares in the cooperative, the yield will be verifiable depending on the size of the contribution,” Zinchenko told Interfax-Ukraine.
“The model provides for a dynamic approach to the size of contribution depending on the city and station size. In Slavutych, we focus on EUR300-400, but it will be possible to make larger contributions or take several shares,” Soniachne Misto co-founder Oleksiy Mykhailenko said.
According to the founders of the cooperative, the capacity of the pilot project of solar plants will be 100-150 kW, the approximate cost is $100,000-150,000.

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