Menu

EBRD to Provide Financing about 36 MW Solar PV Power Plant near Lviv in Ukraine

/27th April 2018, RENEWABLE MARKET WATCHTM, EBRD/ The EBRD is supporting a new 36 MW solar plant in western Ukraine as part of its commitment to making the energy mix in its countries of operations greener. The investment is made together with the Clean Technology Fund, the Bank’s partner in advancing green energy.

Under the agreement signed today in Lviv by the EBRD Director for Ukraine, Sevki Acuner, in the presence of Ukraine’s Prime Minister Volodymyr Groysman and the Mayor of Lviv, Andrii Sadovyi, the EBRD will provide a 10-year loan of €17.3 million while the CTF will extend an 11-year loan of €6.9 million to Energopark Yavoriv LLC, a special company set up for the construction of the plant and majority-owned by the entrepreneur Zinoviy Kozytskiy. The 36 MWp solar plant is the first stage of a project which is expected to double to 72 MWp at its final stage. The solar plant will be built on the site of a former chemical plant near the village of Ternovytsa in the Yavoriv district of Lviv region. While the factory site is chemically clean, it is not suitable for any other use.

Regarding the solar radiation, Ukraine is placed in the European zone in category “B”. Ukraine has a large potential market of solar energy projects. The size of solar radiation reaches from 800 to 1,450 W/m² per year.  According to the intensity of solar radiation Ukraine can be divided into 4 regions: West, Central, South-East and South. The average amount of solar energy received annually in Ukraine is about 1,200 kWh/m2 . The southern regions of Ukraine: Crimea, Mykolaiv, Kherson and Odessa Regions are especially good for the development of solar energy market. In these regions the yearly solar radiation is 1,200 ÷ 1,450 kWh/m2, being the best value for solar installations.  

Wholesale electricity market is obliged to buy the electricity generated by renewable energy plants at “green tariff” rates. The “green tariff” is granted to all RES technologies (up to a capacity of 10 MW in the case of hydro power). Green tariffs are established for all eligible technologies until 1 January 2030 and are reviewed by the NERC on a monthly basis with a guaranteed “minimum floor” set in EUR (Section I - NERC Decree No. 251).

More information about solar PV market in Ukraine you may read here: Ukraine Solar Photovoltaic (PV) Power Market Outlook 2017 ÷ 2026

More information about this EBRD finance support initiative for solar PV sector in Ukraine you may read here: EBRD finances 36 MW solar plant near Lviv

Live Chat