A wind park with a capacity of 98 MW will be built in Zaporizhzhia region

The American company General Electric (GE) and the European LongWing Energy, with the participation of the American investment agency OPIC, will build a wind farm in the Zaporizhzhia region on the shores of the Sea of ​​Azov. It is reported by Ecotown.

This will be the fourth project of General Electric in Ukraine. Its cost will be $150 million.

In general, the company plans to install 167 wind turbines.

“GE and Long Wing Energy have issued a $150 million debt financing package for the first stage of the Zaporizhzhia wind farm, which will include 27 GE Renewable Energy 3.6 MW  wind turbines with a rotor diameter of 137 m, a mast height of 110 m and a 15-year full agreement service ("FSA")”,  noted in the company. “Loan financing will be provided by OPIC, and JP Morgan will act as a hedge provider”.

Wind farm are planned to be commissioned in 2020, the plant will produce 330 thousand MWh/year, this is enough to provide electricity for 170 thousand households.

In the future, the capacity of Zaporizhzhia wind farm is planned to be increased to 500 MW.

Tags: contracts, renewable energy, wind energy, legislation, electricity, feed-in tariff

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