Solar Power Plant "Kamianets-Podilska"
General Information
Completed projects
Solar power
Settlement Kamianets-Podilski district, village of Panivtsi
Region Khmelnytskyi oblast
Total capacity
electrical, kWt
63800 Kwt
heat, kWT
0 Kwt
The Name of a Project's Promoter (enterprise/organization)
The Name of a Project's Promoter (enterprise/organization) Private Entity "Podilskenergo"
The Type of promoter Commercial project
Project details
The current stage of project development Operating
Project description ICU and VR Capital Group have announced the opening of the second-largest power plant in Ukraine with a capacity of 64MW. The power plant is situated in the Kamianets-Podilskyi district of the Khmelnytskyi region, in the village of Panovtsy. The solar power plant is a joint-venture by ICU, independent asset management, private equity, and investment advisory firm specializing in Central and Eastern Europe and VR Capital Group, an alternative asset manager specializing in global emerging markets. The plant has been commissioned by Podilskenergo and represents an investment in materials and construction of approximately US$55m. The peak capacity of the plant is 63.8MW and the plant will generate approximately 68,200 MW/H of clean energy per year. The electricity generated will supply one-third of all the households in Kamianets-Podilskyi city and will help decrease carbon emissions by 67,000 tonnes annually. The plant is one of the largest foreign direct investment projects in Ukraine and will assist in the nation’s transition to renewable energy, including meeting Ukraine’s pledge to, by 2030, reduce its greenhouse gas emissions by at least 40 percent from 1990 levels in accordance with the 2015 Paris accord. The power plant will provide full-time employment to 45 workers. In addition, Podilskenergo will also allocate UAH2.6m to the village budget for rent and will become the biggest tax contributor to the local community. These funds will be spent on funding the local community’s welfare and social needs
Project implementation period 7 months
Date of filling 16.04.2019