Business news from Ukraine

DTEK RENEWABLES RAISES EUR 90 MLN FROM GERMAN BANKS TO BUILD WIND FARM

DTEK Renewables, an operating company that manages DTEK assets in the field of renewable energy sources, has concluded a deal on foreign investment of EUR 90 million in the construction of the stage 2 of Prymorska wind farm (Zaporizhia region).
The press service said that the loan was issued by a consortium of German banks (Bayerische Landesbank, KfW IPEX-Bank, and Oddo BHF Aktiengesellschaft) with risk coverage provided by German export credit agency (ECA) Euler Hermes and Spanish CESCE. The loan term is 10 years after the technical commissioning of the plant.
This is the third renewable energy project of Euler Hermes and DTEK. Earlier the agency insured financial deals for the construction of the stage 1 of Prymorska wind far and Botiyevska wind farm, the first big wind energy project of DTEK. For CESCE this is the first agreement in Ukraine in recent years.
“DTEK has proven once again its status as a key investor in the renewable energy sector in Ukraine. Last year, the company’s investments accounted for about a half of the total investments in the renewable energy sector. The latest loan-based financing for the construction of the Prymorska wind farm strengthens the company’s role as a long-term partner for leading international financial institutions and industrial equipment supply companies,” CEO of DTEK Renewables Philipp Leckebusch said on the press release.
The construction of the 100 MW phase 2 of the Prymorska wind farm started in 2018. The wind park will consist of 26 wind turbines manufactured by GE, with a capacity of 3.8 MW each. Upon completion of all the works (phase 1 and 2), Prymorska wind farm will be equipped with 52 GE 3.8-130/137-110HH wind turbines, one of the most innovative GE onshore turbines. The total value of the investments will be more than EUR 150 million.
The active phase of construction is currently ongoing: all access roads, pile fields and wind turbine foundations have been already completed, installation of the first wind turbines has begun. Completion of commissioning of the whole facility is planned for September 2019, the company reported.
When both phases are commissioned, the 200 MW Prymorska wind farm will generate between 650-700 million kWh of green energy. The operation of the facility will reduce CO2 emissions by 700,000 tonnes per year, through the reduction of use of conventional generation facilities.

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HVIZD-MP INTENDS TO BUILD 9 MW WIND FARM IN UKRAINE

Hvizd-MP LLC (Ivano-Frankivsk region) intends to build a wind power station with a capacity of 9 MW in Nadvirna district of Ivano-Frankivsk region.
Information on the developed project was posted in the single register of environmental impact assessment.
In January 2019 Nadvirna District State Administration approved urban planning conditions and restrictions for the project implementation on a site of 0.09 hectares.
Within the framework of the project, it is planned to install three modern wind electrical turbines with a capacity of 3 MW each. The planned height of the tower is 80-140 meters.
In addition, it is planned to build a 110 kW underground power grid with a length of about 3.5 km. Electricity generated at the wind power station will be transported to the 35 kV Starunia 35/10 distribution substation.

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WIND SOLAR ENERGY INTENDS TO BUILD 190 MW WIND FARM IN UKRAINE (ZHYTOMYR REGION)

Wind Solar Energy LLC (Kyiv) intends to build three stages of a Lisova wind power plant with a total capacity of up to 190 MW in Korosten district of Zhytomyr region. This is evidenced by the data of the unified register of environmental impact assessment, the project was published in mid-March.
The capacity of the first stage is up to 111 MW, the second one is up to 57 MW, the third one is up to 21 MW.
It is assumed that the height of the towers of wind turbines will be 155 meters.
According to data posted on the company’s website, Wind Solar Energy (WSE), through its subsidiary Solar Kvant, has owned and operated a solar plant of 5 MW in Pokrovsky district of Dnipropetrovsk region on a 10-hectare site since 2013.
According to the unified register of legal entities, Elvira Tesliuk is the ultimate beneficial owner of Wind Solar Energy (Kyiv). Before that, the Cypriot company WSE CYPRUS LTD was in the ownership structure.

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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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