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Published on November 5, 2018
UDP Renewables, responsible for the development of projects in the field of renewable energy of UFuture Investment Group belonging to businessman Vasyl Khmelnytsky, has commissioned the 18.3 MW Free-Energy-Henichesk solar power station (Kherson region). According to the press service of the company, investment in the plant construction amounted to $18 million. The planned annual volume of electricity generation is 23,500 MWh, which will allow providing 9,000 households with energy.
During the construction of the plant, some 65,340 JinkoSolar panels were used, while additional goods and services were purchased from Ukrainian suppliers. Ukrgasbank acted as a financial partner of the project, KNESS group of companies was the general contractor, the company noted.
“We continue to develop in the “green” energy sector, as this is one of the most interesting areas of business in Ukraine today. Over the past year, the solar plants’ capacity in our country has almost doubled, but we still have room to grow compared to Europe, where the share of renewable energy averages 8.5%,” the press service said citing founder of UFuture Investment Group Vasyl Khmelnytsky.
The company also noted that UDP Renewables’ development strategy provides for the implementation of energy projects with a total capacity of 200 MW in the southern regions of Ukraine in 2018-2019.
Free-Energy-Henichesk solar plant is the second realized project of UDP Renewables, which currently also manages 6 MW Dymer solar plant-1 (Kyiv region).
UFuture Investment Group, headquartered in Brussels, was established in autumn 2017 and united the business projects of Vasyl Khmelnytsky. The group includes the Ukrainian development company UDP, whose specialization is the implementation of large infrastructure projects. In addition, the conglomerate united businesses in such areas as UDP Renewables, the Bila Tserkva industrial park, the innovation parks UNIT.City, and LvivTech.City.