Scatec Solar has signed agreements securing two projects with capacity of 33MW and 50MW in the Cherkassy region of Ukraine.
"We are very enthusiastic about securing our first two projects in Ukraine to our backlog, and we see it as a first step to develop a larger portfolio of solar power plants in the country. Ukraine is actively working to change their energy mix and increase the share of power supplied from renewables. We are very pleased to once again partner with EBRD to promote renewables and open a new market for solar", says CEO Raymond Carlsen.
Scatec Solar will be the lead equity investor in the projects and is targeting to secure additional equity partners for the projects. Scatec Solar will be the Engineering, Procurement and Construction provider and provide Operation & Maintenance as well as Asset Management services to the power plants.