Spanish ACCIONA ENERGIA GLOBAL with a footprint in 20 countries enters Ukrainian market with €54,7m initial investment.
Кyiv, 8 June 2018. – Leading Ukrainian development company in the renewable energy sector UDP Renewables (part of UFuture Investment Group) announces about the beginning of a large-scale cooperation with Spanish ACCIONA ENERGIA GLOBAL – a world leader in green power generation.
The first cluster of projects of the Spanish energy giant in the Ukrainian market consists of the construction of 2nd, 3rd and 4th stages of Dymerka photovoltaic power station (PVPP) located in Kyiv region with 57,6 MW of peak installed capacity which will be owned 100% by ACCIONA Energia. UDP Renewables commissioned the first stage of Dymerka PVPP, which is located close to the new projects, in Q3 of 2017.
“Foreign direct investment in this project alone will amount to 54,7 m€. Dymerka PVPP will operate at full capacity by the 1Q of 2019. We are grateful to our partners for their confidence and hope to expand our cooperation. I am convinced that this case will reinforce attraction of investment and, what is equally important, world-class expertise to Ukraine”, announced Vasyl Khmelnytsky, the founder of UFuture Investment Group.
“We are very pleased to start our activity in renewables in Ukraine cooperating with UDP Renewables and with the support of the European Bank for Reconstruction and Development (EBRD). We are confident that it will contribute to sustainable economic growth and job creation in the country”, CEO of ACCIONA Energia Rafael Mateo said.
Preparation of the project’s technical and permitting documentation, grid connection design and adjustment, and development and commissioning of the first pilot stage of Dymerska PVPP took more than 18 months. This work resulted in pilot joint investment project between UDP Renewables and ACCIONA. The parties agreed to collaborate on a broad pipeline of investment projects in solar and wind power generation on the Ukrainian market.
Sergiy Yevtushenko, CEO of UDP Renewables, stated: “Acciona’s entrance to Ukraine symbolizes a new era for the domestic renewable energy sector. It is the signal for other foreign investors that will lead to growing competition and more foreign direct investment into the country. Sooner or later it will result in the decrease of energy cost for the final customer and boost the competitiveness of Ukrainian economy”.
Contact person for the media:
Oleksandra Pogorila, Press Officer +380992883536
ACCIONA ENERGIA GLOBAL is a global operator in renewable energies with 25 years’ experience in the sector and over 9,000 MW under its ownership. It owns and operates 222 wind farms totalling 7,515 MW; 76 hydro plants (876 MW); photovoltaic plants totaling 389 MWp, three biomass plants (61 MW) and a thermoelectric plant (64 MW). The company markets energy to large clients.www.acciona-energia.com. It belongs to the ACCIONA Group, a leader in sustainable solutions for infrastructures and renewable energy projects worldwide. www.acciona.com. The group is headquartered in Madrid.
UFuture Investment Group is one of the largest and most forward-looking business groups in Ukraine, founded by a prominent Ukrainian entrepreneur Vasyl Khmelnytsky. UFuture consolidates the group’s businesses and social projects and coordinates its business development and investor relations activities at national and international levels. The group incorporates a major Ukrainian real estate development company UDP, Kyiv Sikorsky International Airport, national Ukrainian outdoor advertising operator RTM, Bila Tserkva Industrial Park, innovation parks UNIT.City and LvivTech.City, pharmaceutical producer Biopharma and renewable energy generator UDP Renewables. The group is headquartered in Brussels.
UDP Renewables is an investment and development company in the Ukrainian renewable energy sector. The company intends to commission 100 MW of installed capacity in 2018. Total projects pipeline under development is 250 MW. The company is headquartered in Kyiv.