The feasibility study was conducted by France’s Tractebel Engineering SA. The authors of the report concluded that the 1.2 GW solar park is feasible, despite the current radioactive contamination levels in the area.
The Norwegian developer’s first solar project in the eastern European country is planned to help the region of Cherkasy reduce its energy shortage.
The Ukraine-based developer has been granted two different loans from the European Bank for Reconstruction and Development (EBRD) and the Clean Technology Fund (CTF). The three solar plants will be located in the Vinnitsa region of western Ukraine.
The Irish developer is planning to invest €255 million in the project, which is expected to be located near the village of Levodka, in the Dnipropetrovsk region.
Svitlana Teush, counsel at Redcliffe Partners law firm in Kyiv, Ukraine, discusses the country’s new electricity market design and what it means for renewables. Currently, she says, the renewable energy sector in Ukraine is an attractive investment prospect and has considerable potential for further growth in the coming years.
Project developer Rodina today announced that construction is underway on the first solar power plant to be built on land inside the Chernobyl exclusion zone.
The Ukrainian Association of Renewable Energy believes that the transition to an auction scheme may be premature and recommends digressive FITs as a way to reduce burden on consumers.
The French government will provide an unspecified sum to conduct the feasibility study for the giant PV project.