Agreement concluded for Syvash project in Ukraine during Davos Forum

By January 27, 2019 News

The World Economic Forum in Davos was fruitful for Ukraine with a signature of the financial agreement of 155 million euro for the realisation of the first stage of the wind power project “Syvash” in the Kherson region of Ukraine.

The agreement was concluded between the Norwegian company NBT, French Total Eren and the European Bank for Reconstruction and Development (EBRD) with the participation of the Ukrainian President Petro Poroshenko.

According to the project, NBT and Total Eren will build 64 wind turbines on the area of more than 1300 hectares with the total capacity of around 250 MW. The obtained loan will be used for the construction of the first stage of the “Syvash” project with the capacity of 133 MW and the works will start this year.

During the meeting in Davos the CEO of the Norwegian NBT, Joar Viken, declared that “Syvash” project should be considered as a beginning and that their company plans to invest in other wind projects in Ukraine in the next 2 or 3 years and would like to build an additional capacity of 700-800 MW.

When the works are completed, the “Syvash” wind power plant will become the biggest project of the renewable energy in Ukraine.