<\/p>\n
Sayenko Kharenko has acted as Ukrainian legal counsel to leading foreign banks and the Export and Investment Fund of Denmark (EIFO) in connection with a EUR\u00a0370 million project finance facility for the expansion\u00a0Tyligulska windfarm\u00a0by DTEK, a leader in Ukrainian renewable energy market and the largest private investor in the country\u2019s energy sector.\u00a0The financing was backed by a guarantee from EIFO.\u00a0Coupled with DTEK\u2019s financing of the remaining project costs,\u00a0the total investment will amount to EUR 450 million, making this the largest private sector investment in Ukraine since\u00a0russia\u2019s\u00a0full-scale invasion in 2022 and the biggest ever private investment in Ukraine\u2019s energy sector.<\/p>\n
The proceeds of the facility will be used to purchase 64 wind turbines from Vestas, the world\u2019s leading turbines manufacturer. DTEK has unveiled plans to accelerate construction throughout 2025, aiming for completion by the end of 2026. The expanded windfarm will grow from 19 to 83 turbines and increase capacity four-fold from 114 MW to 500 MW. At full capacity,\u00a0Tyligulska\u00a0is expected to produce 1.7 TWh of electricity a year \u2013 providing enough electricity to power 900,000 Ukrainian homes.<\/p>\n
\u201cThis financing marks a significant milestone for Ukraine\u2019s recovery amid the ongoing war. We are pleased to have advised EIFO and the lenders in supporting this ambitious project and enabling the swift implementation of DTEK\u2019s expansion efforts,\u201d <\/em>commented Anton Korobeynikov, partner at Sayenko Kharenko.<\/strong><\/p>\n \u201cOur team is honoured to have contributed to a landmark project finance transaction of this scale, showcasing the extraordinary efforts of all parties involved. We firmly believe that Ukraine\u2019s energy sector will be instrumental in attracting foreign investment and revitalising the country\u2019s economy,\u201d<\/em>\u00a0added Igor Lozenko, partner at Sayenko Kharenko.<\/em><\/strong><\/p>\n Sayenko Kharenko\u2019s core team working on the project was led by partners Anton Korobeynikov<\/strong> and Igor Lozenko<\/strong> and included senior associates Oles Trachuk<\/strong> and Natalia Hutarevych<\/strong>, associates Vladyslava Mitsai<\/strong>, Natalia\u00a0Khmelovska<\/strong>, Yevgen Koval<\/strong> and junior associates Artem Medvetskyi<\/strong>, Mykola Suprunovych<\/strong>, Polina Savinsk<\/strong>a. The project team was assisted by counsel\u00a0Tymur Enkhbaiar<\/strong>, senior associates Taras Bondarenko<\/strong> and junior associates Victoria Chorna<\/strong>, Ahil Aliev<\/strong>, Vladyslav Novitskyi<\/strong> and Maksym\u00a0Kysil<\/strong>\u00a0on real estate matters.<\/p>\n <\/p>","protected":false},"excerpt":{"rendered":" Sayenko Kharenko has acted as Ukrainian legal counsel to leading foreign banks and the Export and Investment Fund of Denmark (EIFO) in connection with a EUR\u00a0370 million project finance facility for the expansion\u00a0Tyligulska windfarm\u00a0by DTEK, a leader in Ukrainian renewable energy market and the largest private investor in the country\u2019s energy sector.\u00a0The financing was backed […]<\/p>\n","protected":false},"author":4489,"featured_media":619238,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false},"categories":[24,23],"tags":[],"yoast_head":"\n