Spanish renewable energy company Acciona has agreed to build two photovoltaic (PV) plants in the region of Odessa, south-western Ukraine.
As part of the agreement signed with Ukrainian firm UDP Renewables (UDPR), the Spanish firm will take over 75% of the projects developed by UDPR.
With an overall capacity of 43.7MW, the new PV plants will be built with an investment of nearly €30.6m. The two plants are the 26MW Gudzovka and 17.7MW Arcyz.
Both the facilities will be equipped with polycrystalline silicon panels mounted on fixed structures.
Acciona Energy Business Development director Joaquín Castillo said: “We are very pleased to continue contributing to the development of renewable energies and the sustainability of the energy system of Ukraine, a country with interesting opportunities for the sector.”
The two plants will produce around 55GWh of clean energy per year, which is sufficient to power more than 23,000 Ukrainian homes. They will also eliminate the emission of around 53,000 tonnes of carbon dioxide into the atmosphere from coal-fired power plants per year.
Construction at the site is expected to begin soon, with work expected to be completed by the end of this year. The energy generated by the power plants will be sold to the national grid and sold to the Ukrainian utility company Energorynok State Enterprise under a power purchase agreement (PPA) until the end of 2029.
UDP Renewables managing partner Sergiy Yevtushenko said: “We are delighted to strengthen our partnership with one of the most experienced global industry player as Acciona. And we hope that such a cooperation will accelerate the remarkable progress of Ukrainian renewable energy market.”
With these new PV projects, Acciona intends to further strengthen its presence in Ukraine’s renewable energy sector. The 57.2MW Dymerka 2-3-4 photovoltaic complex, which is 100% owned by Acciona, was recently completed in the region of Kiev.