The wind conditions in Ukraine are among the best in the world for clean energy generation. Ukraine is a country with a vast potential to increase wind power in the future. About 40% of the landscape is suitable for wind power generation.
The Ukrainian Government has developed a strategy to bring the share of renewable energy in the country’s energy mix up from 5 percent currently to 25 percent by 2035, and large-scale renewable energy projects are burgeoning due to improvement in the nation’s investment climate.
Emergy has constructed the 250 MW Syvash Wind Farm, which is financed by a group of international lenders led by the European Bank for Reconstruction and Development (EBRD).
In addition, Emergy has acquired the Zophia Wind Farm with a total capacity of approximately 800 MW. Construction of Zophia I and II, 337.5 MW, will start in the summer of 2021 after a long period of preparation, planning and environmental and social assessment – the biggest done so far in Ukraine.
With these two project Emergy will be the biggest foreign investor in Ukraine, and run European land mark projects!
In May 2018, Emergy, then NBT opened its Kyiv office to support project development in Ukraine.
Continuing to look for opportunities as the Ukrainian market matures, Emergy is well-positioned to help the country achieve its renewable energy target.
In addition to Ukraine and China, EMERGY looks at opportunities in other emerging markets across the globe.
With a team of professionals boasting extensive knowledge and experience in complex renewable energy projects, EMERGY is open to considering all utility-scale wind power projects in emerging markets that are technically, financially, environmentally and socially viable.