Kyiv: UDP Renewables, part of the developer group UPD, has announced plans to build a number of renewable energy facilities in Ukraine with a total capacity of 300 MW, most of which are solar power plants, said the majority shareholder of UDP Vasily Khmelnitsky at the presentation of the Dymer Solar Power Plant (SPP) in the village of Bolshaya Dymerka, Kyiv region.
"We view the direction of renewable energy as a strategic one for the UDP group and the whole country. By 2022, UDP Renewables plans to put into operation solar and wind power facilities with a total capacity of 300 MW and attract leading world companies to cooperation," said the owner of the UDP group.
The investor also said that the capacity of the already launched Dymerska SPP-1, the company's first project, in 2018 is planned to increase to 50 MW. In the solar energy group UDP has already invested nearly $10 million.
In August 2017, the first stage of Dymerska SPP-1 with a capacity of 6 MW, consisting of 22,200 solar photovoltaic modules, was connected to the Ukrainian power system. In 2018, after the construction of three more lines, UDP Renewables plans to increase the power of the SES to 50 MW - about 5% of the capacity of a typical nuclear power plant unit.
In the fourth quarter of 2017 the company plans to build two new SES in Kherson and Odessa regions with a capacity of 17.5 and 10 MW, respectively. In general, the total capacity of UDP Renewables projects prepared for implementation in the southern regions of Ukraine is 120 MW.
"Renewable energy is a powerful global trend, and we want Ukraine to keep up with progress. Green technologies are becoming more efficient and cheaper and subsequently supplant traditional ones. I think that in the next 15 years, technologies have every chance to change places: alternative energy sources will become the main ones, and traditional thermal generation will be alternative", - said managing partner of UPD Renewables Sergey Yevtushenko.
By 2022, the UDP group plans to invest about $300 million in the renewable energy development program, as well as to seek opportunities to attract international partners and loans from international financial institutions for further project scaling.
Renewable energy has become a powerful trend in the world after the adoption of the Paris Agreement on climate change. To reduce the use of fossil fuels and greenhouse gas emissions, a number of countries and large corporations have undertaken voluntary commitments under the RE100 initiative for the transition to 100% renewable energy sources.