The #first #solar #power #plant will soon be #commissioned right next to the destroyed #nuclear #reactor in #Chernobyl. The EUR 1 #million project that is #implemented by the #Ukrainian company #Rodina Energy Group Ltd. and #Hamburg-based #Enerparc AG is intended to be the prelude to further renewable energy #investments in the area.
Visit our website if you are interested in #doing business in Ukraine or looking for new #investment opportunities
A large-scale photovoltaics project in the Chernobyl Exclusion Zone that will increase the country’s solar output should soon begin generating its initial power. The first photovoltaic power plant with a capacity of one megawatt in Chernobyl is about to be commissioned. The project is worth EUR 1 million and is intended to be the prelude to further, much larger renewable energy investments in the area. The project is implemented by the Ukrainian company Rodina Energy Group Ltd. and the Hamburg-based company Enerparc AG.
The works were carried out under special conditions since the reactor has been rebuilt for years. Therefore, the regulations are well supervised and favorable for international investors. Although the control procedures are more complex and require more intensive preparation, Enerparc AG considers the Chernobyl solar power plant as a pilot project and hopes to construct further facilities.
In mid-2016, the Ukrainian Ministry of Ecology and Natural Resources announced its plans to revive the area around the site of the world’s worst nuclear disaster. The expansion of renewable energy is an important part of these plans. Therefore, Ukraine intends constructing photovoltaic power plants with an output of one gigawatt in the Chernobyl exclusion zone. In order to attract investors, the government offers relatively cheap land and high feed-in tariffs. Thus, Rodina and Enerparc AG are eligible for a feed-in tariff of 15 EUR cents per kilowatt hour until 2030.
Furthermore, other international investors such as the French Engie, Chinese GCL System Integration Technology Co. and China National Complete Engineering Corp. showed their interest in the construction of solar parks in Chernobyl.
Image by: Visem – own work, CC BY-SA 3.0, https://commons.wikimedia.org/w/index.php?curid=26378556