VR Capital Ltd. and Ukraine Power Resources inaugurated Friday a $60 million 40 MW wind farm in Odesa’s Bessarabia.

Near the 10 new towers, the two foreign-owned companies are building a second $90 MW million phase for their Dnistrovska wind project. “The modernization of Ukraine runs through green energy,” Richard Deitz, the London-based president of VR capital, said to reporters and wind industry leaders gathered to the base of a turbine in a wheat field 70 km west of Odesa city, near the Moldovan border.

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Despite this ongoing $150 million investment, Deitz said he has frozen four wind projects totalling 260 MW.

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