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18.10.2018

DTEK RES AND GE RENEWABLE ENERGY SIGNED AGREEMENT FOR PHASE II OF THE PRYMORSKA WIND FARM

On 17 October 2018 DTEK RES signed a contract with General Electric Renewable Energy to supply equipment for Phase II of the Prymorska wind farm with a capacity of 100 MW. GE Renewable Energy will supply and install 26 wind power turbines with unit capacity of 3.8 MW each by the end of 2019.

This is the third wind project being realised by DTEK RES. When project is implemented, the company will have 400 MW of wind power assets under operation.

“The development of renewable energy is a priority for DTEK. The company’s investments in the construction of wind and solar power plants exceed already EUR700 million. With this project DTEK confirms its status as one of the largest national investors in the renewable energy sector,” said Maksym Timchenko, CEO of DTEK. “This is the second project in wind generation, which we are implementing this year in collaboration with our partner General Electric.”

Jerome Pecresse, President and CEO, GE Renewable Energy noted: “Today is an exciting day for all of us in GE Renewable Energy as we continue our collaboration with DTEK, now for Phase II of the Prymorska WPP project. We are proud to support DTEK and supply some of GE’s most innovative wind turbines that will continue powering the development of renewable projects across Ukraine, bringing the country closer to its renewable energy targets.”

Andriy Konechenkov, Chairman of the UWEA’s Board and Vice President of the WWEA, emphasized: “The active presence of the world-known company as GE Renewable Energy in the wind market greatly increases its competitiveness and investment attractiveness. GE Renewable Energy has a successful experience in implementing wind power projects all over the world. I also hope that the company's new technologies for ensuring efficient and reliable operation of the electricity system  fed by wind power will be implemented in Ukraine”.

“Realisation of Phase II of the Prymorska WPP with the participation of the global wind turbine manufacturer is another proof of the investment attractiveness of “green” power industry in Ukraine,” said Sergiy Savchuk, Chairman of the State Agency for Energy Efficiency and Energy Saving of Ukraine.

The total planned investment in Phase II of the Prymorska wind farm amounts to EUR150 million. With both phases being completed Prymorska wind farm will have a total installed capacity of 200 MW. Prymorska wind farm is expected to generate annually around 675 million kWh of “green” electricity enough to power about 300 000