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KNESS GROUP has signed a Loan Agreement for Construction of Solar Power Plants in Vinnytsia region with EBRD

On 2 March 2018, Ivan Vekirchyk, Financial Director and co-founder of KNESS Group, and Sevki Acuner, EBRD Director for Ukraine, have signed a Loan Agreement between KNESS GROUP and EBRD for construction of three photovoltaic (PV) power plants with the total peak output of 33.9 MW.

PV plants will be constructed inVinnytsia region, namely in Illintsi district (10.87 MW), Tulchyn district (11.42 MW) and Pohrebyshche district (11.6 MW).

Project implementation provides for employment of about 350 persons within the construction period.

Power plants will generate about 38 thousand MW*h of power energy annually, and will reduce CO2 emissions in the amount of 37.505 tons/year.

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