The governor of Ukraine’s Odessa region, Maxim Stepanov, has signed a memorandum of understanding with the Ukrainian solar EPC contractor Kness Group for the construction of three PV plants with a combined capacity of 86 MW.
According to a press release from the regional government, the company intends to invest approximately $80 million in the three facilities. The funds will be provided by unspecified Ukrainian, American and European investors.
The three installations will be located in the districts of Artsyz and Oknyansky. All the projects will be developed under the country’s FIT scheme.
Ukraine’s new feed-in tariffs are set at €0.1599 ($0.1726)/kWh for ground-mounted solar power plants commissioned in 2016 and €0.1502 ($0.1621)/kWh for projects connected between 2017 and 2019. In order to receive a higher compensation, many solar developers are aiming to complete ongoing projects by the end of this year.
Kness Group has installed ten solar parks with a combined capacity of 54 MW in Ukraine to date. The company is targeting to bring online around 300 MW of solar by the end of this year.