Business news from Ukraine

Innovative park will be created in Zhytomyr region

850 hectares of industrial hemp will be planted in Zhytomyr region as part of the launch of a project for the production and processing of bast crops, which should be launched on the basis of the industrial park Ma’Rijanny in 2024, said French-Ukrainian businessman, ex-mayor of Hlukhiv Michel Terestchenko.
“Our Ukrainian industrial park project for technical hemp is off to a good start. This spring, the first significant park developments in the small village of Ryzhany (Zhytomyr region) will begin,” he wrote on Facebook.
According to the expert, the production of special agricultural equipment and a production line for the project has already begun in Western Europe. Negotiations were also held with local farmers to prepare for sowing and harvesting 850 hectares of technical hemp. The first contract was signed with Florian Garnier, CEO of Champs Elysées Ltd, whose business has 10,000 hectares in the region and will supply hemp for processing into textiles.
The Industrial Park Ma’Rijanny, according to information on its website, will be the first park in Europe for the primary processing of bast crops, in particular technical hemp and flax. The production site of 30 hectares is located in the village of Ryzhany, Zhytomyr region. Some 7,000 square meters of production and 12,000 square meters of storage space are ready for work, 180,000 square meters are prepared for construction. The second phase of construction of the project provides for the expansion of production facilities twice – up to 14,000 square meters and warehouses three times – up to 36,000 square meters, according to the website of the project.
Currently, the project initiators are looking for partners who are ready to provide commercial, industrial and infrastructure facilities with the subsequent possibility of leasing them to residents. Particular interest is expressed in cooperation with those wishing to build power generation facilities based on renewable energy sources or by generating energy from by-products that will be produced by the park.

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WIND SOLAR ENERGY INTENDS TO BUILD 57 MW WIND FARM IN ZHYTOMYR REGION

Wind Solar Energy LLC (Kyiv) intends to build the Lisova-2 wind power plant (Korosten district, Zhytomyr region) with a capacity of 57 MW, according to a single register of environmental impact assessment.
The project includes building 19 wind turbines with a capacity of 4.2 MW each. The height of the towers will be 130 meters. The operation life of the plant is 20 years.
As reported, Wind Solar Energy intends to build three phases of the Lisova wind plant with a total capacity of up to 190 MW in the area of the Pokaliv village (Korosten district, Zhytomyr region).
According to data posted on the company’s website, Wind Solar Energy through its subsidiary Solar Kvant has been operating solar plants of 5 MW on 10 hectares in Dnipropetrovsk region since 2013.

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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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