Activ Solar has finished the fifth and final construction phase of its 100MW Perovo Solar Power Station in Ukraine. This last development stage, completed on December 28, added a further 20MW to capacity, making Perovo Europe's largest PV system.
"The completion of the Perovo project is a major achievement for Activ Solar as our largest to date and is a testament to our structuring and execution capabilities in a challenging global economic environment," Activ Solar founder and CEO Kaveh Ertefai said. "We are proud of the quality of the work accomplished and the dedication of our team to deliver this successful outcome within a short period of time."
Building work at Perovo, located on Ukraine’s Crimean Peninsula, began in July, and the 200-hectare site has the potential to generate around 132,500MWh of electricity a year. Activ believes that at full capacity the plant will provide enough electricity to cater for the peak-load requirements of Crimea’s capital city, Simferopol.
Equipment suppliers for the installation are all tier one companies, and the development has created more than 800 full- and part-time jobs for the local workforce. Funding for the record-breaking system – believed to have cost about €300 million (US$387 million) – came from two Russian banks, VTB Bank OJSC and Sberbank.
This is the second major utility-scale development Activ has undertaken in Ukraine; in October the Austrian company completed its 80MW Okhotnykovo plant.