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Dentons Advises DTEK Renewables on Ukrainian Solar Power Plant Construction and Financing

Dentons Advises DTEK Renewables on Ukrainian Solar Power Plant Construction and Financing

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Dentons has advised DTEK Renewables B.V. on the implementation of a project for the construction of a solar power plant with an established capacity of 200 MW in the Nikopol district of the Dnipropetrovsk region in Ukraine.

According to Dentons, after construction, “the Nikopol solar power plant (SES) will be the most powerful solar power station in Ukraine and will become one of the largest in Europe.” The project cost is estimated at EUR 230 million.

Agreements for the design, construction, installation and supply of the project for the construction of the SES were signed between DTEK Renewables B.V. and the China Machinery Engineering Corporation, a Chinese state-owned construction and engineering company that is a member of the Sinomach group of companies.

The Nikopolska SES will supply more than 280 million kilowatt/hour of “green” energy annually. Reportedly, this quantity will suffice to satisfy the demand of 100 thousand households. The solar power plant project will allow creating new jobs in the region, and local budgets will receive millions from tax payments.

DTEK is a Ukrainian energy group with assets in coal mining, electricity generation and distribution, alternative energy, and gas production, and is a part of the System Capital Management group.

Dentons' cross-border team was led by Kyiv Partner Adam Mycyk and Kyiv Counsel Maksym Sysoiev and included Istanbul Partners Ian McGrath and Tamsyn Mileham, Shanghai Senior Partner Nancy Qingnan Sun and Shanghai Partner Jean Wong, Warsaw Counsel Agnieszka Kulinska, Kyiv Counsel Nadiya Shylienkova, and Shanghai Counsel Amanda Yulan Guo.

 

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AVELLUM is a leading Ukrainian full service law firm with a key focus on Finance, Corporate, Dispute Resolution, Tax, and Antitrust.

Our aim is to be the firm of choice for large businesses and financial institutions in respect of their most important and challenging transactions.

We build lasting relationships with our clients and make them feel secure in new uncertain economic and legal realities.

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AVELLUM is recognised as one of the leading law firms in Ukraine by various international and Ukrainian legal editions (Chambers, The Legal500, IFLR1000, The Ukrainian Law Firms, and others).

Firm's website: www.avellum.com

 

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