The Syvash wind project in Ukraine has successfully reached financial close. Mott MacDonald is lenders’ technical advisor for the transaction, which is the first East Renewable Energy AB wind project in Ukraine
Located in Kherson province, southern Ukraine, the Syvash wind project will have a generating capacity of 250MW once completed. PowerChina has been appointed as the engineering, procurement and construction contractor, alongside subcontractor Nordex, who will supply N131-3900 wind turbines. Once connected to the grid, the facilities will be capable of producing over 850,000MW hours of clean, renewable energy each year – enough to provide power to approximately 100,000 households.
As lenders’ technical adviser, Mott MacDonald undertook a full energy yield assessment, developed construction contracts, programmes and financial models as well as environmental and social plans. The consultancy will now monitor construction and operations in an ongoing role.
Gary Bills, Mott MacDonald’s project principal, said: “We are delighted that our work has helped the Syvash project to reach financial close with eight lenders. We’re looking forward to continuing to support the lenders during the construction period.”
Syvash wind project is expected to begin full commissioning in 2020. On completion, Syvash will be the largest wind farm in Ukraine to be financed by international non-recourse project-financing.
