Business news from Ukraine

WINDKRAFT UKRAINE LAUNCHES FIRST TWO STAGES OF OVERYANIVKA WIND FARM IN KHERSON REGION

The department of the State Architectural and Construction Inspectorate in Kherson region in late January 2019 put into operation the first two stages of the 14.4 MW Overyanivka wind farm, which is being built by Windkraft Ukraine (Skadovsk, Kherson region). According to the website of the State Architectural and Construction Inspectorate, the total planned capacity of the plant is 69 MW.
Windkraft Ukraine LLC in the fall of last year reported that by the end of 2018 it plans to increase the installed capacity of its wind farms in Kherson region to 170 MW and is considering the next project to increase them by another 150-170 MW.

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FUHRLANDER STARTS WIND FARM CONSTRUCTION

The Wind Parks of Ukraine Group has started building a wind farm near Kramatorsk (Donetsk region). Atomwind-Kramatorsk LLC is the customer of the project.
MP Maxim Efimov wrote on his Facebook page that on January 19, 2019 the concrete casting of foundation was started for the first wind unit.
At the end of 2018, PJSC Energomashspetsstal (Kramatorsk) made a nacelle of 43.5 tonnes. In January 2019, its processing was completed by Kramatorsk Heavy Tool-Building Plant (KZTS).
This year it is planned to install three wind units made by Fuhrlander Windtechnology (Kramatorsk) with a power handling capacity of 4.5 MW and 4.8 MW. It will take three years to build the wind farm with 15 wind units.
Energomashspetsstal in 2019 plans to produce 15 rotor drive shafts for wind farms with a capacity of 4.5 MW.
Fuhrlander Windtechnology is the sole producer of modern wind units in Ukraine. The beneficiaries of the company are the co-owner of ISD Corporation Oleh Mkrtchan and MP Efimov (Petro Poroshenko Block parliamentary faction).

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DANISH MANUFACTURER OF WIND TURBINES AND DTEK TO BUILD WIND FARM IN ZAPORIZHIA REGION

DTEK has signed an agreement with the Danish manufacturer of wind turbines Vestas for building Orlivka wind power station (Prymorsky district, Zaporizhia region).
“The volume of investment in the project is about EUR140 million. We expect that the project will be completed by the end of 2019,” Maksym Tymchenko, DTEK’s director general, said during the signing of the contract.
The project, which envisages the construction of 26 wind turbines with a capacity of 3.8 MW each, is currently at the stage of completion of preparatory work. The main part of the construction work will begin in January 2019.
The capacity of the wind farm, which is the third project of the company in wind power, will provide electricity to about 200,000 households.
“We continue to implement our plans to increase the portfolio to 1,000 MW by the end of 2019, the total investment in these projects will exceed EUR 1 billion,” he said.

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BLACK SEA TRADE AND DEVELOPMENT BANK MULLING FINANCING OF CONSTRUCTION WIND FARM IN UKRAINE

The Black Sea Trade and Development Bank (BSTDB) is considering a possibility of participation in financing of construction of a wind farm in Kherson region with an installed capacity of 250 MW by SyvashEnergoProm LLC, a subsidiary of Norway’s NBT, the bank has reported on its website.
The sum of financing is not specified.
As reported, early September 2018, an agreement on the implementation of an international investment project to build a complex of wind farms in Kherson region with NBT to play the leading role in the project was signed. The wind farm would allow satisfying almost the half of the needs in electricity in Kherson region. According to the project, by the end of next year 67 wind turbines will be installed along the coast of the Syvash Lake. Total investment under the agreement is almost $450 million.
The European Bank for Reconstruction and Development (EBRD) will consider a loan worth up to EUR 150 million for SyvashEnergoProm LLC for the construction of the wind farm, of which up to EUR 75 million would be funded from the EBRD resources and the remainder would be syndicated in a B-loan structure to eligible institutions.
NBT acquired SyvashEnergoProm in Kherson, Ukraine in April 2018. The plan is to construct a wind farm with installed capacity in the range of 250–330 MW, the company said.
In 2006, Kherson Regional State Administration transferred the unfinished Syvash wind power plant to concession to SyvashEnergoProm until 2055.

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GENERAL ELECTRIC SIGNS CONTRACT TO SUPPLY EQUIPMENT FOR PRYMORSKA WIND FARM IN UKRAINE

DTEK Energy Holding has signed a second contract with U.S. General Electric to supply equipment for Prymorska wind farm with a total capacity of 200 MW, the press service of the holding has reported. The first contract to supply equipment for Prymorska wind farm (100 MW) was signed in December 2017. It will be completed at the end of 2018.
The second stage of the 100 MW capacity will be also built in Zaporizhia region. The start of construction is the fourth quarter of 2018.
The land wind power division of GE will supply 26 wind power turbines with a capacity of 3.8 MW each to Prymorska wind plant. This model of a wind turbine demonstrates high performance even in conditions of low wind speed.
The total planned investment in the second stage of Prymorska wind farm will be about EUR150 million, which is comparable with investments in the construction of the first stage.
After the completion of the second stage of Prymorska wind farm, the portfolio of DTEK’s implemented projects in land wind generation will reach 400 MW.
“Our ambitions are to build 1,000 MW of solar and wind power plants by the end of 2019. This is an ambitious goal requiring huge investments by the standards of Ukraine. The construction cost of such a capacity exceeds EUR1 billion,” DTEK CEO Maksym Tymchenko said.
DTEK Renewables is the operating company that manages DTEK’s assets in the renewable energy sphere.

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WINDKRAFT UKRAINE PLANS TO BOOST WIND FARM CAPACITIES BY 170 MW – CARL STUREN

Windkraft Ukraine LLC (Skadovsk, Kherson region) by the end of this year plans to bring the installed capacity of its wind farms in Kherson region to 170 MW and the company is mulling the next project to boost them by another 150-170 MW, Windkraft Ukraine Director Carl Sturen has said. “By the end of the year there will be 170 MW: 100 MW have been added,” he told Interfax-Ukraine on the sidelines of the recent YES Conference organized by the Victor Pinchuk Foundation in Kyiv, commenting on the development of the company in 2018. Sturen said that this year the company used its own funds and bank loans. According to him, to implement plans for further expansion, Windkraft Ukraine will consider various financing options.
The director said that while the company, using its own resources, began to build a substation that will allow increasing the capacity. He said that the new sites are not far from the already developed ones.
Asked why Windkraft Ukraine remains committed to wind farms, not solar power plants, which are more popular among investors due to a higher tariff and lower investment, Sturen said that he considers the windfarm business more sustainable. “The wind is more sustainable: it is more complicated, but it fits better with the energy system and is better for the consumer,” the director said.

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