Page 68 - UKRRptApr21

9.1.10 Renewables corporate news
France’s Eurocape New Energy has commissioned a 98 MW wind farm in the Priazovsky district of Zaporizhia. The plant, Eurocape 1, has 27 GE tubines, each with a capacity of 3.6 MW. Originally planned to be Europe’s largest on shore wind project, with a capacity of 600 MW, the Eurocape project has largely frozen further expansion due to the lowered electricity rates and the unpaid power bills.
Hong Kong’s Hiro Asia Investments is paying for the construction of a 25-turbine, 75 MW wind power plant that is to guarantee electricity for Yuzhne, Ukraine’s largest port. China is Ukraine’s largest trading partner. The €65mn project is nearing completion, reports Southern Okrug news site. The power is almost 10 times more than the city’s peak winter consumption, Yuzhne mayor Vladimir Novatsky, writes on Facebook.
DTEK Renewables and Denmark’s Vestas have signed a joint venture agreement to build 126 MW of wind power capacity in Mykolaiv. To pay for the 21 towers and turbines, DTEK will draw on its five-year €325mn green bond issued in 2019. Over the last year, the Zelenskiy Administration’s green tariff cuts and delays in payments to producers have frozen many renewable projects.
Kernel, the world’s largest sunflower oil producer, is halfway through a $169mn project to build cogeneration heat and power plants at its six oil seed crushing plants. The company already receives half of its energy from renewable sources.
The Tiligulska wind power project is designed to be scaled up to 564 MW.
But, for this to happen Maris Kunitskis, CEO of DTEK Renewables, says: “We expect that the crisis related to non-payments for the renewable energy sector will be resolved soon, and the state policy regarding renewable energy will become understandable and predictable.”
Turkey’s Atlas Global Energy plans to build a 16 turbine, 60 MW wind farm in a Carpathian mountain valley near the Beskidy railroad tunnel, reports Daily Lviv. The tracks through the newly rebuilt, 1.8 km tunnel are electrified. The wind power plant is to connect to an Ukrzaliznytsia substation.
Two US-originated companies, VR Capital Group’s Elementum Energy and Peter Gish’s Ukraine Power Resources plan to inaugurate this spring a 40 MW wind farm in Starokozache, on the Dnister estuary, 75 km west of Odesa.
9.2.11 Metallurgy & mining corporate news
According to ING, while the Ever Given was refloated in the Suez Canal, the metals complex has found it more difficult to stay afloat, with USD strength proving to be a major hurdle for metals. Profit-taking saw aluminium tumble by almost 1.4%, followed by copper and nickel. In the LME market,
68 UKRAINE Country Report April 2021 www.intellinews.com