Black Sea and European lenders have loaned €19.1 million each to a 57 MW solar plant in southern Ukraine, as the country scrambles to renew its electricity sector. The EBRD is committed to lending €250 million to renewables projects in Ukraine to help the country to meet its 11% clean energy target for 2020.
According to provisions approved in their first reading by the Ukrainian parliament, solar projects selected in future auctions will be awarded 20-year PPAs to encourage investors to steadily abandon the FIT scheme until it expires in 2030.
Having put key PV projects into commercial operation, the company is capitalizing on their production. Scatec also has twice its current installed capacity under construction and nearly fourfold that amount – more than 4 GW – in the pipeline as 2018 expectations were surpassed.
Scatec Solar ASA, in partnership with the Rengy Development Group, has closed financing on its 47 MW solar PV project in the Mykolaiv region of Ukraine.
The nation’s oil and gas provider is building its first small-sized PV projects at facilities operated by Ukrtransgaz, the Ukrainian gas transport system.
A Canadian investor is planning to build a 150 MW solar plant in the northern part of Ukraine’s Luhansk Oblast, which is under the control of the country’s authorities. The project is expected to be located in Rubizhne, a town that was re-conquered by the Ukrainian military forces in July 2014.
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