Business news from Ukraine


UDP Renewables, responsible for development of projects in the renewable energy sphere of the UFuture Group of businessman Vasyl Khmelnytsky, plans to implement two projects in the wind energy sphere and retains plans to build solar power plants with a total power capacity of 200 MW. “We are considering two projects that we will implement in the wind energy sector. In the future, I will tell you more specifically when we start building,” Khmelnytsky said in a blitz interview with Interfax-Ukraine.
In addition, according to him, the company maintains plans to build energy projects with a total capacity of 200 MW in Ukraine for 2018-2019, but further plans for the development of these projects will depend on the feed-in tariff.
“We do not change the plan now. We want to build 200 MW. Today we are building 100 MW. That is, we are continuing as planned: we are building five projects in Odesa, Zaporizhia, Kherson and other regions,” the businessman said.
Partners in these projects, in addition to Spain’s Acciona Energia Global, are Slovak and Ukrainian companies.
Earlier UDP Renewables announced its plans to implement energy projects with a capacity of 200 MW in southern regions of Ukraine in 2018-2019. There are two launched solar power plants: Dymerska Solar Power Plant 1 in Kyiv region with a capacity of 6 MW and Free-Energy-Henichesk solar power plant with a capacity of 18.3 MW in Kherson region.
UFuture Investment Group, headquartered in Brussels, was established in autumn 2017 and united the business projects of Khmelnytsky. The group includes the Ukrainian development company UDP, whose specialization is the implementation of large infrastructure projects. In addition, the conglomerate united businesses in such areas as UDP Renewables, the Bila Tserkva industrial park, the innovation parks UNIT.City, and LvivTech.City.

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