Martifer Solar is building a 5MWp photovoltaic plant in Ukraine, the third constructed for Rengy Development in this country. Located in Tomashpil, Vinnytsia region, the project is being funded by the European Bank for Reconstruction and Development (EBRD).

With more than 20,000 PV modules installed on fixed structures, on an 11-hectares site, the plant will have a production capacity of 5.74 GWh/year. This is the equivalent to the average energy consumption of around 6,500 inhabitants, which offsets the emission of more than 5,000 tons of CO2 per year. Besides the engineering, procurement and construction (EPC) of the plant, which is scheduled to be completed this month, Martifer Solar will be responsible for the Operation and Maintenance (O&M) services.

"We proudly continue our productive cooperation with Martifer Solar, signing yet another contract with this vibrant company. Based on our past experience we hope this project will prove to be another success story in the Ukrainian market and allow Martifer Solar to deliver the plant in the tight and challenging timeframes set by our stakeholders," commented Narek Harutyunyan, Managing Director of Rengy Development.

This is the second solar energy project that Rengy Development is financing in conjunction with EBRD in Ukraine, via USELF (Ukraine Sustainable Energy Lending Facility), an investment facility designed to provide financing to local companies that want to invest in renewable energy projects. The first photovoltaic plant in the world funded by EBRD was also constructed by Martifer Solar, in 2012, for Rengy Development.

The EBRD continues promoting and supporting renewable energy projects in Ukraine aimed at reducing the environmental impact of traditional power generation. Renewable energy is yet to establish itself as a major contributor to Ukraine's energy security but it is starting to play a greater role in its sustainable energy supply," said Sergiy Maslichenko, EBRD Senior Manager Energy Efficiency and Climate Change.

Francisco Queirós, Country Manager of Martifer Solar in Ukraine, says, "We are very pleased by deserving, again, the trust of institutions such as the EBRD and Rengy Development, following the projects we built last year in this country. This is a demonstration that Martifer Solar is doing, all over the world, an admirable work, which is recognized and valued by its customers and partners."