The European Bank for Reconstruction and Development (EBRD) is set to develop the second phase for 36MW of a 72MW PV project located near the town of Ternovytsa in the L'viv region in northwest Ukraine.
The project is developed under the EBRD Ukraine Sustainable Energy Lending Facility III. The investment will help Ukraine in its plan to bring the share of renewables from the country’s total energy mix to 25% by 2035.
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The total project cost for the 36MW second phase is approximately US$31.1 million, with the EBRD financing tabbed at US$7.8 million.
A Stakeholder Engagement Plan (SEP) has been developed and a Corporate Social Responsibility (CSR) programme aimed at community development and increasing awareness of the project is being developed. Once the project is completed, it will result in 39,708 tonnes of CO2 savings per year.