In a ray of hope for Ukraine’s beleaguered wind power sector

Tuesday, March 2, 2021
In a ray of hope for Ukraine’s beleaguered wind power sector

In a ray of hope for Ukraine’s beleaguered wind power sector, DTEK Renewables and Denmark’s Vestas have signed a joint venture agreement to build 126 MW of wind power capacity in Mykolaiv. To pay for the 21 towers and turbines, DTEK will draw on its five-year €325 million green bond issued in 2019. Over the last year, the Zelenskiy Administration’s green tariff cuts and delays in payments to producers have frozen many renewable projects.

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