April 22 (Renewables Now) - TIU Canada Ltd said on Friday it has officially opened its 13.5-MW solar photovoltaic (PV) park in Ukraine, expanding its operational portfolio in the country to 25 MW.
Located near Kalynivka village, Mykolaiv region, the plant uses 39,348 PV panels made by China’s LONGi Solar and five inverters by Germany’s SMA Solar Technology (ETR:S92), installed on a total area of 20.2 ha (49.9 acres). It is estimated to be able to offset 18,212 tonnes of carbon dioxide (CO2) emissions per year.
The Vita solar farm is TIU Canada’s second PV park in Ukraine. Its construction, worth over EUR 11 million (USD 12.4m), represents the second investment by the Canadian party under the Canada-Ukraine Free Trade Agreement (CUFTA).
TIU Canada is owned by a fund managed by Calgary, Alberta-based investment company Refraction Asset Management Ltd. Its first Ukrainian solar park, the 10.7-MW Nikopol plant, was brought online in January 2018.
(EUR 1.0 = USD 1.125)