The plant, being constructed by China Machinery Engineering Company (CMEC) – a unit of China’s state-owned Sinomach industrial conglomerate – will be completed by the end of next year, with grid-connection planned for March, Trina said in a statement.
The financial details of the supply contract were not disclosed.
The project is being developed by Ukraine’s largest private, vertically integrated energy holding, DTEK – the energy arm of Ukrainian financial and industrial group System Capital Management SCM – in Nikopol, in Ukraine’s southeastern Dnipropetrovsk region.
The solar facility will be granted a tariff of €0.1502 ($0.1863)/kWh, the payment granted every project developed under the Ukrainian FIT scheme between 2017 and 2019.
“The construction of the Nikopol SES is one of the largest transactions to attract financing to the renewable energy of Ukraine. I am sure that for other investors this will be a positive signal that it is possible and necessary to invest in the Ukrainian ‘green’ generation,” said DTEK Chief Executive Maxim Timchenko in April.