EUEA Members news October - November 2019

EUEA members 14.11

EUEA members’ news October – November 2019:

EUEA member companies: Acciona, Avenston, Celynx AG, CES, DTEK, EDS Engineering, EMSOLT, Electrum, Eurocape, GOLAW, Guris, Greenworx, Helios Strategia, iC consulenten, IMEPOWER, Indian Solar, Khmelnytsky Bio Power Plant, NBT AS, Meganom, Scatec Solar, Schletter Group, SINNALBA Group LLC, Smart Energy, Thermosystems, Ukraine Power Resources, Ukrwindinvestments, Voltage group, Volten, VR Capital, YEO  Electrical & Automation.


CEO AVENSTON Dmytro Lukomskyi in author’s column on the Ukrainian business resource "Economic Truth" told about the most pressing issues of the solar energy industry and the market analysis from the real business point of view. This is always useful, relevant and high-quality material, based on his own experience and deep knowledge of the market, its trends and issues.

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Our congratulations to Dmytro Lukomskyi, who was recognized as an Outstanding Personality of 2019 in the field of sustainable energy of Eastern Europe during the Third Annual SEF Awards 2019.

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DTEK Group is the first Ukrainian business to issue Green Eurobonds!

DTEK Renewables is the first Ukrainian company to issue specialized securities for the development of renewable energy. These first Green Eurobonds, with a maturity of five years, were issued for €325 million at a rate of 8.5% per annum.

According to DTEK CEO Maxim Timchenko, “Green Eurobonds are a new tool for Ukrainian companies to attract investment for the development of our renewable energy sector”.

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 DTEK reaches 1 GW of Renewable Energy Generation!

“Two years ago, DTEK officially announced its strategic goal - to build 1 GW of the renewable energy in operation by the end of 2019. Today we have reached this goal. We have invested more than 1 billion euros in the renewable energy sector of Ukraine; and we have created the unique expertise that allowed us to implement these large-scale and innovative projects, - says Maxim Timchenko, DTEK CEO. - We are confident that Ukraine can become the leader of decarbonization in Europe, providing our country with the homegrown clean energy. And we encourage all stakeholders to unite around this idea.“

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DTEK launches the Pokrovska Solar Power Plant (240 MW), the second largest solar farm in Europe by installed capacity. The solar farm in the Dnipropetrovsk region will provide 200 thousand households with clean energy, will help reduce CO2 emissions and strengthen Ukraine's energy independence.

The Pokrovska SPP will generate annually 400 mln kWh of green electricity, which is enough to supply 200 thousand private households. The solar farm helps reduce CO2 emissions into the atmosphere by 420 thousand tons per year, which is comparable to the emissions generated by more than 200 thousand cars.

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EDS Engineering

The EDS Group has started the construction of the 330/35 kV high-voltage substation “Nadezhdino” with a maximum capacity of 500 MW. The customer and the general contractor of the project is Polish partner Electrum, and the investor is the Ukrainian unit of the international company EuroCape. For EDS Engineering, this project is a major challenge and a milestone, as it will be the first electrical substation to be built by its specialists from “zero”.

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"Alternative energy is a global trend and a path from which Ukraine will no longer turn. And today our country has every chance to go this way in a civilized fashion and to get closer to the results of Norway and Denmark, not Spain," said the owner and director in the energy reform column. EDS-Engineering "Alexandr Zapishny.

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EuroCape and Electrum are in process of the construction of project Zaporizhzhya. The project has a total capacity of 500MW, one of the biggest in Europe. The first phase will include 27 General Electric turbines with a total installed capacity of 98 MW. 

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On the 30th of November GOLAW celebrates 16 years!

GOLAW has been ranked among the TOP-10 leading law firms of Ukraine!

According to the annual research program “50 leading law firms of Ukraine” in 2019, GOLAW has been recognized among the TOP-10 market leaders and ranked No. 7.

The firm’s Partners have also received an individual recognition: for example, EUEA Board Member, Max Lebedev, Partner, Head of Corporate Law and M&A practice, Attorney at law – in Energy practice.

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Khmelnytsky Bio Power Plant LLC

with GOLAW under initiate of EUEA held a press conference  on 5th December, 2019 regarding the future of bioenergy projects in Ukraine took place at the press center of the Interfax-Ukraine news agency.

The participants of the conference emphasized on the necessity for the levels of quotas, which are sufficient to allow the biomass sector to implement large bio-energy projects and lead to an outflow of investors who have already entered the market. Let’s hope that this assists the Government with address the issues within the bioenergy sector in Ukraine.

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Erection of the first turbine of NBT’s first Ukrainian wind farm was completed on 18 November, marking an important milestone for the project and the start of a busy period with erection of another 62 turbines.

Jointly developed by NBT and its French partner Total Eren, Syvash Wind Farm is located in Kherson region in southern Ukraine and projected to generate approximately 850 GWh of electric power a year.

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NBT AS has been chosen by industry experts to become the best performing team of 2019 in terms of onshore wind project development. The inaugural European Wind Investment Awards awarding ceremony held in London on 31 October.

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NBT AS and China Electric Power Equipment and Technology Co., Ltd. (CET), the EPC subsidiary of State Grid Corporation of China, have signed two EPC contracts for building a 750 MW wind farm in Ukraine.

Located in the Zaporizhia region of Ukraine, the Zophia Wind Farm will be built in two phases – 300 MW Zophia II and 450 MW Zophia III. Once completed, it will be Europe’s largest onshore wind farm.

In the meantime, NBT, CET, Industrial Commercial Bank of China (ICBC), the Export-Import Bank of China (Exim Bank of China) and China Construction Bank (CCB) also signed the Preliminary Financing Arrangement Agreement to finance Zophia II and Zophia III wind farms.

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Scatec Solar

Scatec Solar has signed an agreement with FMO, the Dutch development bank, for FMO to take a 40% equity stake in Scatec Solar’s 55 MW Chigirin project in Ukraine. The total investment for the project is estimated at EUR 54 million and is funded by non-recourse debt financing from the European Bank for Reconstruction and Development (EBRD), The Nordic Environment Finance Corporation (NEFCO) and Swedfund.

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Driven by a strong solar market and a large pipeline of high quality projects, Scatec Solar have increased our growth target for end 2021 from 3.5 GW to 4.5 GW.

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Voltage group

Voltage Group has successfully completed works at the 3 MW new biogas station in Vinnytsia region as a contractor.

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On November 7, Vitaly Nikolayenko, CEO of Voltage Group CEO of Volga Group, shared the features of the official procedure for connecting renewable energy objects to the energy infrastructure in the Blogs section of the popular Internet resource.

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