DTEK RENEWABLES and Vestas, a world leader in wind turbine production from Denmark, have partnered to build the first stage of DTEK Tylihulska wind farm in Mykolaiv region, targeting 126 MW capacity. The construction will be funded with money raised through Green Eurobonds in 2019. With this project DTEK Group makes a meaningful step towards becoming carbon-neutral by 2040, and helps Ukraine contribute to the European Green Deal.
As part of New Strategy 2030, DTEK has committed to transforming itself into a greener, more efficient and technological business. DTEK Group's strategy of expanding the green power generation capacity will significantly contribute to the decarbonisation of the Ukrainian and the European economy.
DTEK Tylihulska wind farm will have the innovative onshore wind turbines produced by Vestas. With cutting-edge technology it became possible to maximise the power yields in low and medium wind speed conditions. The commercial production of the new generation of wind turbines started in early 2021, and the Ukrainian wind farm is among the first to use them.
The preparations on the site of DTEK Tylihulska wind farm are almost complete, with the construction set to begin in March and continue until late 2021. Once launched, the first stage with its capacity of 126 MW will help reduce the СО₂ emissions by 504,000 tonnes per year. With the construction of the wind farm, the region will create hundreds of temporary jobs and dozens of full-time employment opportunities.
DTEK Tylihulska wind farm construction project can scale up to 564 MW capacity.
To fund the first stage of Tylihulska WPP, DTEK is going to use some of the money raised through the Green Eurobonds. The Green Eurobonds with a 5-year maturity were issued for €325 million in 2019 and listed on Euronext Dublin exchange. The allocation terms dictate that the raised funds can only be used for projects in renewables.
"When the Green Eurobonds of DTEK Renewables were first listed on a European exchange in 2019, we as a company committed to implementing projects in Ukraine specifically. We have become a hallmark of the Ukrainian green energy for Europe and the world," says Maris Kunickis, CEO of DTEK Renewables. "As a reliable partner, we are ready to deliver on our commitments even in these difficult times. We will continue to invest in clean and affordable power and move the Ukrainian renewables industry forward. We are excepting that the late payment crisis in renewables sector will resolve soon, and the government's policy on renewables will become clear and predictable. This will allow the global investors to turn their attention back to Ukraine. Effectively, we are telling the world that the green energy in Ukraine has a future."
Nils de Baar, President of Vestas Northern & Central Europe, commented: "We're proud to be partnering with DTEK Renewables on the important Tylihulska project, the first order for our EnVentus platform in Eastern Europe. "DTEK's commitment to ensuring the clean energy transition is being led by Ukraine and being delivered by best-in-class wind turbine technology is an important signal for the country. We applaud the ambition of the Tylihulska project, and the confidence shown by DTEK in our technology as we continue to lower the cost of clean, renewable wind energy with the EnVentus platform."
DTEK Tylihulska WPP will operate 21 Vestas wind turbines, each capable of generating 6 MW. The Danish manufacturer has previously tested the newest EnVentus turbines at Østerild National Test Centre for Large Wind Turbines in West Jutland, Denmark. This model is the largest onshore wind turbine in the Vestas portfolio in terms of rotor size, spanning 162 meters from tip to tip. The innovative turbines are suitable for low to medium wind speeds, ideal for wind power generation in southern Ukraine. With more than a 25% performance improvement over previous models, the new Vestas turbine is setting a new standard for onshore wind farms.