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9.1.10 Renewables corporate news
Dutch company Bontrup plans to invest €50 million in ‘green’ energy project in the Chornobyl exclusion zone, the Economy Ministry has report. Over the investment cycle the project could grow to €1.5 billion, providing jobs for 10,000 workers, the Ministry said. With projects in 25 countries, Amsterdam-based Bontrup says of its mission: “We innovate with nature to create new opportunities for sustainable infrastructures, offshore developments, logistics and agricultural production.”
In southern Zaporizhia region, Norway’s NBT starts construction this summer of Zophia, a 75-wind turbine farm with a capacity of 338 MW. Coupled with NBT’s 246 MW Syvash wind farm, operated in Kherson region with France’s Total Eren, NBT says it will have attracted €1bn in foreign investment into Ukraine. “Every project that is successfully financed and implemented in Ukraine will create trust from international investors, leading to reduced country risks and cost of capital,” NBT officials Magnus Johansen and Ingrid Sara Grimstad Amundsgård write in the Kyiv Post. “This is the main reason why the Ukrainian government should comply with its obligations toward renewable energy investors.
VR Capital Ltd. and Ukraine Power Resources inaugurated Friday a $60mn 40 MW wind farm in Odesa’s Bessarabia. Near the 10 new towers, the two foreign-owned companies are building a second $90 MWmn phase for their Dnistrovska wind project. “The modernization of Ukraine runs through green energy,” Richard Deitz, the London-based president of VR capital, said to reporters and wind industry leaders gathered to the base of a turbine in a wheat field 70 km west of Odesa city, near the Moldovan border.
Norway’s Scatec starts commercial operation of its largest solar plant in Ukraine in June, the 148 MW Progressovka plant in Mykolaiv region, the company reports. “We are pleased to complete our fourth project in Ukraine, supporting the country’s transition towards green energy,” said Raymond Carlsen, Scatec CEO. Realized under Ukraine’s Feed-in-Tariff scheme, the plant has a design life of more than 30 years and is to provide enough electricity to power 76,000 households.
9.2.11 Metallurgy & mining corporate news
● Metinvest
Metinvest is planning to make high quality steel at its Illyich plant in Mariupol. Due to the lack of high quality steel, “there is no development of machine building or home appliances,” Ryzhenkov said. “It is impossible to attract a car manufacturer here.” In Italy, Metinvest is in advanced talks with Italian firm Danieli to build a rolling mill. Metinvest already has two steel plants in Italy – Metinvest Trametal and Ferriera Valsider, with a total annual capacity of 1.2mn tons.
Metinvest and ArcelorMittal object to the Rada’s move to raise royalties on iron mined in Ukraine. Metinvest’s Ryzhenkov says that the company paid $370mn in taxes during the first half of the year – seven times more than in the first half of last year. “The budget is getting more money today than before,” the company general director told reporters. “This whole super-cycle translates
68 UKRAINE Country Report July 2021 www.intellinews.com