By Swann Bigot, legal expert and consultant in international affairs, for Eurasia Network – July 15, 2018
Wind turbines, June 2018 – Photo credit : Swann Bigot
The state administration of the Odessa oblast in Southern Ukraine signed a Memorandum of Understanding on June 23 with the wind power development companies Ukraine Power Resources LLC and Yuzhniy Energy LLC over construction of 192 MW of wind power capacities with an investment amounting to EUR 270 million. The two wind power plants will be built in the Limanskiy district of the Odessa oblast.
American investors plan to build a 120 MW wind farm while the company from Lithuania – a 72 MW wind farm. Both companies are members of the Ukrainian Wind Energy Association.
Ukraine Power Resources LLC was founded by the American Peter A. Gish and Yuzhne Energy LLC by the Lithuanian Egidijus Simutis, businessmen active in the renewable energy sector.
Maxim Stepanov, Head of the state administration of the Odessa oblast since January 2017, told journalists that :
“Today we signed a Memorandum with two companies engaged in the renewable energy sector. The American investor plans to build in the Odessa oblast a 120 MW wind power plant while the Lithuanian one intends to build a 72 MW wind farm. These projects improve the energy security of our country and comply with our obligations towards the European Union to increase the generation of electricity from renewable sources. It is also a significant investment for the Odessa oblast.”
Read also : Chinese investors will build the largest wind farm in Ukraine
The Governor of the Odessa oblast added that these two large wind farm projects will have a positive impact on the development of local communities, leading to the improvement of infrastructure of the Limanskiy district.
Egidijus Simutis, Managing Director of Yuzhne Energy LLC, commented that :
“We have made another step today towards more cooperation between Ukraine and Lithuania. The approach of the Odessa oblast administration and the confidence of the Governor make us understand that joint work will lead to the success of the project. We have planned the construction of 19 wind turbines, which will generate electricity for a large city with 150,000 inhabitants.”
Peter Gish, founder and CEO of Ukraine Power Resources LLC, said that :
“We have been working for some time in the Limanskiy district and we are very impressed with the local resources and the warm welcome, including in the oblast administration. Our wind farm project will create about 100 new jobs in the Odessa oblast.”
The wind farm project of Ukraine Power Resources LLC in the Limanskiy district aims to install more than 26 wind turbines in the area between the villages of Vizirka and Ljubopil.
25% of renewable energy share by 2035
The Ukrainian government set in October 2014 the goal to increase renewable energy share in the national power mix to 11% by 2020. The country is indeed committed to reduce its carbon emissions and fight climate change.
In accordance with the Energy Strategy of Ukraine until 2035, adopted in 2017, the country must reach a renewable energy share of 11% by 2020 and 25% by 2035. This share is less than 2% as of June 2018, announced Ostap Semerak, Minister of Ecology of Ukraine since April 2016.
Ukraine added 257 MW of new renewable energy capacities in 2017. The total installed capacity increased by 23% between 2016 and 2017, to reach 1,375 MW.
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© Copyright 2019 – Swann Bigot, legal expert and consultant in international affairs.
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