In a US-Ukraine joint venture, a $55 million, 64MW solar plant was inaugurated Tuesday in Kamenets-Podilskiy, in Khmenlnitskiy region.

In a US-Ukraine joint venture, a $55 million, 64MW solar plant was inaugurated Tuesday in Kamenets-Podilskiy, in Khmenlnitskiy region. The plant was financed on a 50-50 basis by ICU, the Kyiv investment group, and VR Capital Group, a US investment fund. Richard Deitz, VR president, said: “Having invested more than $1 billion in Ukraine, we are one of the largest foreign investors in the country and are ready to continue to support the Ukrainian economy.” Makar Paseniuk, ICU managing partner, said: “In the near future, we plan to launch our second solar power plant, with a capacity of 35 MW, in the Kherson region.”