A $24.7 million solar power plant will be built with EBRD loan in Ukraine

Categories: Eastern Europe, Monitoring, and Ukraine.

The European Bank for Reconstruction and Development (EBRD) and Energopark Yavoriv LLC have signed a loan agreement for construction of the first phase of a solar power plant for the amount of EUR 24.7 million.

The agreement was signed in Lviv on Thursday, February 8.

Energopark Yavoriv LLC Director Maksym Kozytsky told reporters that construction of the solar power plant will start in Yavoriv district of Lviv region in March 2018. Its capacity is 36 MW and the total cost of the project is EUR 34 million.

Energopark Yavoriv LLC is part of EcoOptima Group, which develops alternative energy in Lviv region. At present, two wind farms and four solar power plants have been built.