Nikopol Solar Plant

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The project entails the development and operation of a 10-MW solar farm located in Nikopol, Dnipropetrovsk region. The project is undertaken by the Canadian firm - TIU Canada Ltd., which is part of Refraction Asset Management (RAM). This is a new, greenfield project initiated on a BOO basis with PPA spanning for 13 years (FiT). The Nikopol station will enjoy a feed-in tariff (FiT) of 0.15 euros ($0.18) per kWh up until the start of 2030, which TIU forecasts will net it a 21% internal rate of return (IRR). Helios Strategia is implementing the project under an EPC contract. Focal Line Solar is also providing engineering services, while JA Solar and SMA are serving as vendors. TIU is funding the project, earmarked to cost 14 million euros ($16.5 million), with 70% debt ($11.5 million) and 30% equity ($5 million) financing. Construction commenced in September 2017 and was projected for completion in end of November 2017. https://newsbase.com/topstories/canadian-developer-plans-five-solar-farms-ukraine TIU Canada Ltd. to be added to sponsors' list (subsidiary of Refraction Asset Management)