The installation stands as the first investment from the Canadian side under the Canada-Ukraine Free Trade Agreement (CUFTA) in Ukraine, which started in August 2017. Image: TIU Canada

The installation stands as the first investment from the Canadian side under the Canada-Ukraine Free Trade Agreement (CUFTA) in Ukraine, which started in August 2017. Image: TIU Canada

TIU Canada officially commissioned a 10.7MW PV projecti n Nikopol, Ukraine last week.

The installation stands as the first investment from the Canadian side under the Canada-Ukraine Free Trade Agreement (CUFTA) in Ukraine, which started in August 2017.

Construction on the installation begin in late May 2017 and the total investment in the project is tabbed at around US$13 million.

The station is comprised of 32,304 solar panels, with 392 inverters installed to manage the power output.

Over 105km of cables were used during the station's construction, while the area used for the station totals 15 hectares. The amount of carbon dioxide eliminated in comparison with coal fueled power stations, is 12,738 tons per year.

Roman Waschuk, the Ambassador of Canada to Ukraine, said: "This is an important example of how the Canada-Ukraine Free Trade Agreement deepens commercial and investment relationships. The Embassy has been pleased to support TIU Canada's important work in Ukraine, and we look forward to facilitating expanded investment from TIU Canada and other investors in 2018.  

“Sustainable energy to help deal with climate change is a priority for Canada as the chair this year of the G7 nations.  Here we see real Canadian backed climate action for Ukraine and the world".     

Konstantin Gura, representing the state agency for energy efficiency and energy savings of Ukraine, added: "This project is fully funded by Canadian investors and that demonstrates the effectiveness of the green energy stimulation mechanism which currently exists in Ukraine.  

“This mechanism ensures that feed-in tariffs are fixed in Euros until 2030, and starting from last year, the opportunity to sign long term power purchase agreements valid through 2030 have been introduced."

Tags: tiu canada, ukraine

Comments