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PLANNED PROJECTS INCLUDE:
• Rushydro wind farms: plans to invest $1bn into the Far East to build a total of 250-300MW of which the company is already committed to the construction of 50-60MW of wind power stations.
• Enel Russia wind farm: has commitments to build 291MW of wind power.
• Renova solar plants: together with Rosnano commitments to build 250MW of solar power energy plants.
UKRAINE
Ukraine has thrown itself into renewables as it strives to break its dependence on Russian gas imports. Several large projects have been completed and more are planned.
EXISTING PROJECTS INCLUDE:
• Chernobyl solar plant: completed in October a 1MW solar plant next to the Chernobyl nuclear reactor. 3,800 photovoltaic panels will produce enough power to light 2,000 households at a cost of $1.1mn. Operated by Ukrainian company Rodina and Germany’s Enerparc AG.
• Kherson region solar plant: Ukrainian businessman Vasyl Khmelnytsky completed the 18MW solar power plant earlier this year that is operated by UDP Renewables.
• Prymorska wind farm: the first phase of this farm in the Zaporizhia region is complete and operator Ukrainian utilities major DTEK recently signed a deal with US General Electric to supply equipment for a second stage. Install capacity is 100MW that will be doubled in the second stage. Each stage costs €150mn.
PLANNED PROJECTS INCLUDE:
• Windkraft wind farm: also in the Kherson region will be completed in 2018 with installed capacity of 170MW that will be increased to 110-240MW in a second phase.
• Lymansky wind farms: two units planned for the Odesa
region with installed capacity of 120MW and 72MW
operated by Ukraine Power Resources and Yuzhne Energy. • Cherkasy region solar plant: under construction by
Norway's Scatec Solar with an installed capacity of 83MW
at a cost of €85mn that should be complete in 2018.
• Botievo wind farm: the first wind farm project in utilities major DTEK renewable portfolio, the company borrowed
€235mn from Germany’s LandesBank Berlin to
construct the 90MW wind farm in the Zaporizhia region. • I&U Grou biomass plant: the EBRD recently agreed to
provide €15mn to finance the construction of a 6MW biomass energy plant for the Ukrainian agricultural company in the Kirovograd region of central Ukraine.
• Primoskaya wind farm: In August, DTEK Renewables, the holding company consolidating DTEK renewable energy assets, has raised €90mn in debt financing for the construction of the first stage of the Primorskaya wind electricity plant with a capacity of 100 MW also in the Zaporizhia Region. A second stage will increase the capacity to 200MW at a cost of €90mn.
• Dnipro solar plant: French-Ukrainian company MAIN Group Ukraine, plans to break ground next Spring on
a $100mn, 85MW solar power plant in a Dnipro city suburb on 175 hectares in the Igren district. The main shareholder of MAIN Group Ukraine is French company Ribour Participations, which is main owner of Ingeliance Group, a Bordeaux-based engineering company.
HUNGARY
Hungarians are embracing solar power and the number of Hungarian homes powered by their own solar panels rose by a whopping 45% y/y to 29,600 last year, data released by the energy regulator MEKH. The capacity
of most household power plants is below 5kW. Energy generated by them reached 241MW (MW refers to power), a 46% annual increase.
EXISTING PROJECTS INCLUDE:
• MET Dunai Solar Park: operated by the MET Group energy holding, which has invested €25mn into a solar
park and started to produce electricity on October 26. The 17.6MW solar power plant built in Central Hungary is the company’s first renewable energy project, producing enough electricity for 9,000 households.
PLANNED PROJECTS INCLUDE:
• Matrai Eromu Visonta solar power plant: Hungary’s largest coal-fuelled power plant Matrai Eromu broke ground on two solar power plants this year with 20MW capacity each – the largest solar power project in Hungary.
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