Gudzovka-Solar PV PP reduces carbon dioxide emissions by 30,000 tons per year.

 

 UPPG

Kyiv, November 5, 2020. — UDP Renewables, whose strategic investor is the holding company UFuture, pursues its partnership with the world leading company in renewables — ACCIONA. As part of the cooperation, two stages of new solar plant "Gudzovka-Solar" are commissioned in the city of Izmail, Odessa region. Investments in the project amounted to about €21 mln.

“I am proud that we have the opportunity to implement joint projects together with ACCIONA. Our partner is reliable, efficient and has high standards of work. We are glad that we were able to reveal Ukraine's investment attractiveness for an international strategist, as our cooperation is an inspiring example of system-building cooperation,” said Sergiy Yevtushenko, managing Partner of UDP Renewables.

Gudzovka-Solar-1 PV PP and Gudzovka-Solar-2 PV PP have a peak capacity of 24.4 MW totaled up and are equipped with more than 72,000 solar panels manufactured by JASolar. This amount of innovative equipment generates about 33,600 MWh of electricity per year and can meet the needs of 13,000 households.

“Despite the turbulent period in the industry and in the world as a whole, UFuture systematically implements its strategic plans and invests in Ukraine's renewable energy. We faithfully fulfil all our obligations to the state and our partners. Today, the company is considering various scenarios for further development in this area. Successful cooperation with the world's leading market players formulates the necessary expertise and reputation base to expand our activities, both in Ukraine and, possibly, in foreign markets," said Nicholas Tymoshchuk, CEO of UFuture.

The EPC contractor of the project was a group of companies KNESS, the financial partner was Credit Agricole Bank.

ADDITIONAL INFORMATION

UDPRenewablesis an investment and development company in the Ukrainian renewable energy sector. With diversification in the type of renewable power generation and geography, by 2022 UDP Renewables strives to become one of the largest producers of clean energy in Ukraine, with a total capacity of more than 300 MW.

UFuture is a holding company of Ukrainian entrepreneur Vasyl Khmelnytsky, which has a diversified portfolio of assets in the fields of real estate, infrastructure, industry, renewable energy, pharmaceuticals and IT. In particular, UFuture is a strategic investor in UDP Renewables. UFuture's assets are valued at $500 million, and the total capitalization of the businesses in which it has invested is up to $1 billion.

The new station will be able to provide energy to almost 9,000 households and will prevent the emission of 30 thousand tons of carbon dioxide per year

 Terslav UDP

May 06, 2020. — UDP Renewables, whose strategic investor is UFuture, put into commercial operation a new solar power station “Terslav” in the Obukhiv village council of the Dnipro region of the Dnipropetrovsk Oblast. Investments in the project amounted to about €15.5 million.

“Supporting sustainable development goals is a global trend and a priority for every civilized country in the world. Ukraine should think strategically, mitigate risks and switch to green generation using modern technologies. The new station is our contribution with partners to the development of the country's renewable energy industry,” noted Vasyl Khmelnytsky, founder of UFuture.

SPP “Terslav” with a peak capacity of 20 MW covers an area of 28 hectares and is equipped with more than 91,000 Longi Solar solar panels. The station will produce almost 23,275 MW/h per year. This is enough to provide electricity to about 9,000 households.

“UDP Renewables launches SPP “Terslav” at a difficult time for the industry. Businesses will have to pass one more test, working in conditions of the severe liquidity crisis. When commissioning the facility, the company traditionally cooperated with Ukrainian manufacturers, the cost of services of which in this project is 180 million UAH. During the construction and operation of the facility at different stages more than 160 jobs were created,” noted managing partner of UDP Renewables Sergiy Yevtushenko.

The launch of the SPP “Terslav” will prevent the emission of 30 thousand tons of carbon dioxide per year into the atmosphere. Helios Strategia was the general contractor for the construction, and Oschadbank was the financial partner.

ADDITIONAL INFORMATION

UFuture is a holding company of Ukrainian entrepreneur Vasyl Khmelnytsky that integrates his business and impact-investment projects. The company has a diversified portfolio of assets in the fields of real estate, infrastructure, industry, renewable energy, pharmaceuticals, and IT. Currently, UFuture’s assets are estimated at $550 million, and the total capitalization of the businesses it invested in is more than $1 billion.

UDP Renewables is an investment and development company in the Ukrainian renewable energy sector. With diversification in the type of renewable power generation and geography, by 2022 UDP Renewables strives to become one of the largest producers of clean energy in Ukraine, with a total capacity of more than 300 MW.

Ukrainian Association of Renewable Energy that represents more than 100 enewable energy licensees sent to the President of Ukraine , the Verkhovna Rada of Ukraine and the Cabinet of Ministers of Ukraine its offers to defuse the tension in the green energy sector in Ukraine.

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