Tuesday, May 11, 2021

London-based VR Capital’s Elementum Energy has started commercial operation of its €59 million, 40MW wind energy Dnistrovska wind park

, on the Dnister estuary in Odesa region. The 4MW GE turbines are the largest in operation in Ukraine today. Each of the 10 towers rises 131 meters high, about four stories short of Kyiv’s Parus Business Center. Elementum Energy and American developer Ukraine Power Resources are building a second, 60 MW phase of Dnistrovska, which is to be commissioned one year from now.

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Richard Deitz, President of VR Capital Group Ltd, said:

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With world demand strong for iron ore, grain and coal, bulk cargo shipping rates have hit 11-year highs,

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