Page 79 - UKRRptSept19

UAH554mn in the first half of 2018) and net loss (UAH1,197mn vs. net profit of UAH439mn in the first half of 2018). The company’s 1Q19 results were much better, with an operating profit of UAH38mn and net income of UAH30mn amid a 3% y/y decline in net revenue.
9.1.10 Renewables corporate news
Ukraine ranks fifth in Europe for installing onshore wind electricity capacity in the first half of 2019, according to Wind Europe Wind Owners Association. Of the 19 countries, the ranking is: France -- 523 MW; Sweden -- 459 MW; Germany – 287 MW; Italy -- 286 MW; and Ukraine – 262 MW. Of the 4.9 gigawatts of wind capacity installed in the first half of this year in Europe, 64% for onshore and the rest for offshore.
With €4bn in renewable energy investments underway in Ukraine this year, renewable energy plants produced nearly twice as much electricity during the first half of this year than in the first half of 2018. Solar, wind, and biogas plants produced, 2.37bn kWh of electricity, compared to 1.23bn kWh last year, reports the Ministry of Energy and Coal Industry.
About 75 km west of Primorskaya, Norway’s NBT and France’s Total Eren are financing a €107mn second phase of a 250 MW wind farm. Located on the northern shores of Lake Syvash, the project now has total financing of €262mn. Lenders include: Proparco – €42mn; Black Sea Trade and Development Bank -- €30mn; Finnfund and IFU -- €15mn each; and the Nordic Environment Finance Corporation -- €5mn.
Also in Kherson, a Franco-Belgian company is building a 110 MW wind farm on the north shore of the Gulf of Dnipro, outside the village of Oleksandrivka. Last month, the EBRD board approved partial funding of the €190mn project. Located 50 km west of Kherson city, the project by Dnipro- Buzka VES LLC is to use 25 German-made Nordex 4.4 MW wind turbines.
Wind Farm LLC is starting the first phase of an 800 MW wind farm about 25 km west of Mariupol. The first stage is to build a 32 km high voltage line to Mariupol, the most populous city in government-controlled Donetsk. Advised by Joachim Fuhrländer, the German wind power entrepreneur, Wind Farm will get its generators from Elekrotyazhmash and its towers, blades, and gondolas from Yuzhmash.
Construction is to start this fall on Europe’s second-largest onshore wind farm, located on the Zaporizhia coast of the Sea of Azov. London- based VLC Renewables has reached financial close with LongWing Energy S.C.A. to build the first 98 MW phase of a 500 MW wind farm. If fully built as designed a decade ago, the EuroCape project will be second only in Europe to the 600 MW Fântânele-Cogealac wind farm in Romania. Eighteen months ago, the US Overseas Private Investment Corporation, or OPIC, approved up to $150mn in financing and up to $250mn in political risk insurance, for the project, which is located 200 km west of the frontlines. GE Energy Financial Services also is investing in the wind farm, which will use 27 GE 3.6 turbines for the first $150mn phase.
In a remote, windswept valley about 10 km south of Belarus, Wind Solar Energy LLC of Kyiv plans to build three wind power farms with a total capacity of 190 MW. Called Lisova, or Forest, the project located 150 km north
79 UKRAINE Country Report September 2019 www.intellinews.com