You're reading: Portugal’s Martifer Solar to build 5 MW solar power plants in Vinnytsia region for Rengy Development

Martifer Solar Holding (Portugal) is to build a solar power plant with a capacity of 5 MW in Tomashpil (Vinnytsia region) for Kyiv-based Rengy Development, reads a posting on the Web site of Martifer.

It is planned to finish the construction project this month. The
project will be the third project carried out in cooperation between the
two companies.

The new solar power plant will have over 20,000 modules, which will be placed on 11 hectares.

Every year the Tomashpil plant will generate 5.74 gigawatt-hours of
electricity, which will satisfy the needs of 6,500 residents in
Vinnytsia region. Thanks to the launch of the plant, emissions will be
cut by 5,000 tonnes of CO2 a year.

Along with the Engineering, Procurement and Construction (EPC) of the
power plant, Martifer Solar will be responsible for its operation and
maintenance (O&M).

As reported, the European Bank for Reconstruction and Development
(EBRD) has arranged a financial package of EUR 5.4 million for
Kyiv-based Rengу Development to build a five-megawatt solar power plant
in Vinnytsia region operated by Rengу Tomashpil.

The financial package consists of a six-year loan of € 3.8 million
from the EBRD, and a ten-year loan of € 1.8 million from the Clean
Technology Fund (CTF).

Earlier Rengу Development built the 4.5 MW Green Agro Service and 1.374 MW Rengy Trostianets projects.

According to the Web site of Rengy Development, the company’s current
development pipeline consists of several projects with combined
capacity of 50 MW for solar and 100 MW for wind, with a total investment
value of approximately € 300 million. Along with Green Agro Service,
1.374 MW Rengy Trostianets has been built.

Rengy Development has registered five subsidiaries in Vinnytsia
region: Green Agro Service LLC, Primewood, Rengy Bershad, Rengy
Tomashpil, Rengy Trostianets and four in Odesa region: Rengy Izmail,
Rengy Tatarbunary, Rengy Sarata and Rengy Artsiz.

In the past two years, alternative energy in Ukraine has been
developing more intensively than traditional power generation. As of
early June 2013, 96 companies operated 149 power plants consuming
alternative energy, including 50 photovoltaic plants. In particular,
Ukraine built Central and Eastern Europe’s largest solar plant Perove
with the capacity exceeding 105 MW.