July 2019

The Zaporizhia wind farm is VLC Renewable’s (VLCR)* first investment since it was formed in July 2018 through a partnership between Low Carbon and Vitol. Once constructed, the 500MW wind farm in southeast Ukraine, is expected to be one of the top five largest operating onshore wind generators in Europe.

Summary


500MW

Once constructed, the wind park is expected to be one of the top five largest operating onshore wind generators in Europe powering more than 780,000 homes.

Turbines

The first phase of the wind farm will have a capacity of 98MW and will be supplied with 27 General Electric (GE) 3.6-137 turbines.

Power Purchase Agreement (PPA)

The wind farm will sell its power into the Ukrainian market through a Power Purchase Agreement (PPA) with Energorynok, Ukraine’s state-owned enterprise and will benefit from a 10-year fixed rate feed-in tariff.

780,000 homes

Once constructed, the Zaporizhia wind farm is expected to be one of the top five largest operating onshore wind sites in Europe generating enough clean energy to power more than 780,000 homes and offsetting 4,860,000 tons of carbon emissions.


About Zaporizhia onshore wind farm

The 500MW Zaporizhia wind project is VLCR’s first investment since it was formed in July 2018. VLCR reached financial close with LongWing Energy S.C.A. (LongWing) on the first phase of the onshore wind farm, with senior debt financing being provided by the Overseas Private Investment Corporation (OPIC). Other investors in the scheme include GE Energy Financial Services.

VLC Renewables Wind Farm

VLCR has an investment team with significant experience in the development, construction and operation of onshore and offshore windfarms. VLCR will be working alongside LongWing Energy in the continuing development and delivery of the Zaporizhia project.

The Zaporizhia wind farm expected to be operational in 2020.

VLC Renewables Wind Farm

* VLC Renewables Fund 1