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Nebras Power announces solar power acquisition, partnership in Ukraine
07 Apr 2021 - 9:32
Officials of Nebras Power and UDP Renewables during the agreement signing ceremony
The Peninsula
Doha: Nebras Power announced yesterday expanding into the Ukrainian power market with the acquisition of six solar projects and a partnership agreement with UDP Renewables (UDPR) and their parent holding company UFuture.
The share purchase agreement, which was signed in Doha yesterday, will give Nebras the majority stake in the following photovoltaic assets: “Scythia-Solar-1”, “Scythia-Solar-2”, “Free-Energy Genichesk”, “Port-Solar”, “Terslav” and “Sun Power Pervomaisk”, all of which are operating commercially.
“Nebras has an ambitious global strategy, and the Ukrainian market represents an important milestone in our growth plan. Our commitment also remains focused not only on delivering clean reliable energy but also on contributing to local communities and nati