Maintaining their long-standing collaboration, Deutsche WindGuard Consulting GmbH has supported DTEK Renewables in the development of the 100MW Primorskaya WEP. As was announced last week, DTEK Renewables, the holding company consolidating renewable energy assets of DTEK, the largest private-owned energy company in Ukraine, raised EUR 90m in debt financing for the construction of the first stage of the Primorskaya Wind Farm and therefore secured financial close for the 100 MW project. 

WindGuard has been involved in the project from the start, providing the accredited wind measurement, the energy yield assessment and finally the Technical Due Diligence for the investors of the project. The financial close marks a corner stone for the Ukrainian renewable market, as it is one of the largest foreign-financed wind projects since 2013. 

"We are very happy to have played a part in this project", comments Axel Albers, Managing Director of Deutsche WindGuard Consulting. "Not only does it solidify our long-standing business partnership with DTEK Renewables, but it also shows that foreign investors turn back to the promising Ukrainian wind market and trust the development enough for long-term loans. That is a promising sign for the future of this market." 

"Deutsche WindGuard as one of our independent technical advisors to the Primorskaya WEP project provided a solid foundation for our investment decision, where we and our financing partners rely on reputable independent expert's advice. DTEK Renewables will continue to engage reliable and internationally recognized advisors for the development of the company's projects," - says Philipp Leckebusch, CEO of DTEK Renewables.

Deutsche WindGuard | www.windguard.com

DTEK Renewables | www.dtek.com