Portuguese group Martifer Solar has begun construction on a 5 MWp photovoltaic plant in Ukraine, the third facility it has constructed so far for Rengy Development in the country. The European Bank for Reconstruction and Development (EBRD) is funding the project, located in Tomashpil, Vinnytsia, in southwestern Ukraine.
Established in 2008, Rengy Development operates in Ukraine and Armenia, where it has financed and developed solar and wind energy projects.
With more than 20,000 PV modules installed on fixed structures on an 11-hectare site, the plant will have a production capacity of 5.74 GWh annually, equivalent to the average energy consumption of some 6,500 inhabitants, which offsets the emission of more than 5,000 tons of carbon dioxide a year.
In addition to the engineering, procurement and construction (EPC) of the plant, which is scheduled for completion this month, Martifer Solar will oversee Operation and Maintenance (O&M) services.
The Tomashpil plant is the second solar energy project that Rengy Development is financing with the EBRD in Ukraine via the Ukraine Sustainable Energy Lending Facility (USELF), an investment facility designed to provide financing to local companies that want to invest in renewable energy projects. In 2012, Martifer Solar also built the first photovoltaic plant in the world funded by EBRD, likewise for Rengy Development.
"Renewable energy has yet to establish itself as a major contributor to Ukraines energy security but it is starting to play a greater role in its sustainable energy supply," said Sergiy Maslichenko, EBRD senior manager of energy efficiency and climate change.
Martifer Solar, a subsidiary of Portuguese construction and engineering group Martifer SGPS, has been present in the Ukrainian market since 2012. With its high levels of solar radiation, particularly in the southern region, Ukraine has good conditions for the development of photovoltaic projects.