TIU sets to work on second solar plant in Ukraine

27 September, Week 38, Issue 929

Canadian developer TIU has broken ground on a new solar power system in Ukraine’s southern Mykolaiv region.

In a press release, the subsidiary of Calgary-based investment fund Refraction Asset Management said the plant would be built over an area of 20.2 hectares near the village of Kalynivka. It will boast a capacity of 13.5 MW.

China’s Longi Solar is providing the station’s photovoltaic (PV) panels, while Germany’s SMA is supplying its inverters. France’s Helios Strategia is serving as the project’s engineering, procurement and construction (EPC) contractor. The plant is due online in January next year.

“We have carefully selected the new site for this station; technically and logistically it is one of the best locations available to us,” TIU’s country director Valentyna Beliakova said in a statement.

According to the company, the area enjoys 1,551 kW of solar radiation per square metre.

TIU entered Ukraine in June last year, unveiling a plan to invest 94 million euros (US$111 million) in the construction of five solar plants with 90 MW in total capacity. It quickly set to work on the first of these stations, a 10.5-MW array in Nikopol, in the Dnipropetrovsk region. The installation went online at the start of this year. Helios Strategia was selected to implement this project as well, while SMA and another Chinese vendor, JA Solar, provided equipment.

In addition to Kalynivka array, TIU intends to commission two other plants in Mykolaiv and another in the neighbouring region of Kherson.

The Canadian developer is funding its slate of projects with a mix of debt and equity financing. The plants will receive a feed-in tariff (FiT) of 0.15 euros (US$1.18) for every kWh of electricity they produce. This tariff is granted to all PV station commissioned in Ukraine between 2017 and 2019.

In related news, UK-based Touchstone Capital Group has expressed an interest in building a 1-GW offshore wind and solar facility somewhere in Ukraine, according to a statement by the country’s energy ministry. Company representatives pitched the project during a meeting with government officials last week, the statement read.

Touchstone, backed by Chinese state-owned investment, is involved in property management and the development of clean energy.

  

Joseph Murphy

Edited by

Joseph Murphy

Editor

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