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Back You are here: Home Business Europe Ukraine to see $53 million worth of solar power installations

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Ukraine to see $53 million worth of solar power installations

A Czech group of companies has announced its intention to invest 400 million Euros ($52.92 million) for the construction of solar power plants in the Ukraine.

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Ekotechnik Czech will put up around 160 megawatts worth of solar power plants in the Khmelnytskyi Oblast region, reported the Khmelnytskyi Oblast State Administration.

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The Ukrainian authorities will lease approximately 400 hectares of land in over 14 districts to the company for the construction of these solar installations.

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The construction and operation of the plants are seen to create 230 new jobs in the region and will provide an increase in the annual revenues of the local budgets of $4.4 million.

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Ekotechnik Czech has prior experience in the Ukrainian solar sector, completing construction and beginning operations at a 5 MW solar power plant in Yasenovka, Khmelnitskyi region in October last year.

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The company currently has an asset portfolio in the Ukraine of around 220 MW. They plan to engage in solar power plant construction in Kyiv, Dnipropetrovsk, Zakarpattia, Vinnytsia, and other regions of Ukraine.

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Ukraine has been actively pursuing the growth of their solar sector, building 20 solar power stations with a total capacity of 270 MW in the last three years alone.

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The country has committed to the European Energy Community that they will increase the renewable energy share in their energy mix to 11 percent by 2020.

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Ukraine is also currently the site of Europe’s largest solar park, the 105 MW Perovo solar farm in Crimea. The Perovo installation was developed by Activ Solar GmbH and finished construction in December of 2011. – EcoSeed Staff

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