Sayenko Kharenko has advised the Export and Investment Fund of Denmark and additional banks on a EUR 370 million project finance facility for the expansion of DTEK’s Tyligulska wind farm.
According to Sayenko Kharenko, with DTEK financing the remaining project costs, the total investment stands at EUR 450 million, making it the largest private sector investment in Ukraine since Russia’s 2022 invasion and the biggest private investment to date in the country’s energy sector. The financing, backed by a guarantee from EIFO, will facilitate the purchase of 64 wind turbines from Vestas. DTEK plans to quadruple the wind farm’s capacity from 114 megawatts to 500 megawatts, boosting its turbines from 19 to 83. Once fully operational, Tyligulska is expected to generate 1.7 terawatt-hours of electricity annually – sufficient to power 900,000 Ukrainian households.
In 2021, Sayenko Kharenko advised DTEK Renewables on the construction of the Tiligulska Wind Park (as reported by CEE Legal Matters on March 18, 2021).
The Sayenko Kharenko team included Partners Anton Korobeynikov and Igor Lozenko, Counsel Tymur Enkhbaiar, Senior Associates Oles Trachuk, Natalia Hutarevych, and Taras Bondarenko, Associates Vladyslava Mitsai, Natalia Khmelovska, and Yevgen Koval, and Junior Associates Victoria Chorna and Maksym Kysil.
Sayenko Kharenko could not provide additional information on the matter.
