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Norsk Solar: to build Semypolky solar power plant in Ukraine

  • Sector: Energy
  • Date: July 3, 2019

  • Company: Norsk Solar develops and invests in solar parks that provide renewable energy in emerging markets.

Norsk Solar is going to build a 9 MW solar power plant located in the village of Semypolky, near Brovary in the region of Kiev. The solar power plant will provide more than 5,000 households with renewable energy over the next few decades.

NEFCO is co-financing the construction with a EUR 4.35 million loan agreement. We are very pleased to be facilitating a Norwegian company, Norsk Solar, to invest in Ukraine and participate in the construction of its first solar power plant in the country, says Amund Beitnes, Senior Investment Manager at NEFCO.

The plant will be constructed and operated under management of Norsk Solar AS, and it is expected that the plant will start to deliver to the grid at the end of 2019. Once the plant is in production, it will deliver 11,000 MWh annually. The renewable energy provided will ensure annual emission reductions of about 8,600 tonnes of CO2.