In July 2018, the IFU and the Kness Group agreed to cooperate in the implementation of renewable energy projects.
IFU has become a Kness Group equity partner in the construction of solar power plants.
The construction of three solar power stations with a total capacity of 33.9 MW is carried out in Vinnytsia region (Ukraine) and is financed under the loan agreement with the EBRD.
Annually, the power plants will generate about 38,000 MWh of electricity, reducing by 37, 505 tons per year of CO2 emissions into the atmosphere.
