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. 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. 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.