Ukraine’s UDP to invest $300 mln in alternative energy by 2022

In July 2017, the first phase of Dymerska Solar Power Plant 1 with a capacity of 6 MW was connected to the Ukrainian power grids. In 2018, after the commissioning of three more phases, UDP Renewables will bring the plant’s capacity to 50 MW, which will be about 5% of the capacity of a standard nuclear power plant unit. The first phase has been built from 22,200 solar PV modules.

In October-December, the company plans to launch the construction of two new solar power plants: a 17.5 MW facility in Kherson region and a 10 MW facility in Odesa. The total capacity of the facilities to be commissioned by UDP Renewables in the southern regions is 120 MW.

UDP is one of the leading developer groups in Ukraine. Its most known long-term investment projects include the development of Kyiv International Airport (Zhuliany), the construction of the Kyiv-based shopping mall OCEAN PLAZA and residential complexes Novopecherski Lypki, Boulevard of Fountains, RiverStone, and Parkove Misto. UDP Renewables is the UDP Group’s alternative energy asset.