Norwegians will build 700-800 MW wind farms in Ukraine

The Norwegian company NBT is going to build a wind power complex in Ukraine, in Zaporizhzhia region. The project’s potential is estimated at 700-800 MW of wind capacity. The plans for the construction were announced by the General Director of the NBT Yuar Viken today at a meeting of the National Investment Council of Ukraine in Davos, reports

Construction is planned to be started within the next 6-9 months, the company is now conducting an assessment of EMF contractors and suppliers of wind turbines that will participate in the project.

“The Sivash wind power plant with a capacity of 250 MW is only the beginning, because over the next two to three years we are planning new substantial investments in a number of wind power projects in Ukraine,” said Yuar Viken.

Also, at the meeting of the National Investment Council of NBT and its equity partner, the French company Total Eren signed an agreement to raise funding for the Sivash project (Kherson region) of about 260 million euros. Under the terms of the agreement, credit funds and own investments will be attracted to the project, in particular, from NBT and Total Eren. The lender may be a syndicate of eight companies, including the European Bank for Reconstruction and Development (EBRD) and the Nordic Environment Finance Corporation (NEFCO).

Recall the construction of the project Sivash Norwegians announced in September 2018. According to the project, NBT will build 64 wind electrical installations with a total capacity of up to 250 MW. They will be located on an area of ​​more than 1,300 hectares.