When to expect the start of construction work?
According to CWP Global, the construction work on this particular project is expected to begin in 2023. The scheme is estimated to require an investment of €76 million and will create 360 jobs.
Development plan for Ukraine from Australian CWP Global
CWP chairman Mark Crandall noted that given the renewable energy potential of Ukraine and its proximity to the growing European market, it was an obvious choice for CWP Global to invest in Ukraine. This landmark investment in Ukraine is an exciting stepping stone for CWP Global. The company is looking forward to working with communities, supply chain partners and the Ukrainian government to deliver the world's leading infrastructure projects.
According to representatives of the Australian company, it has an ambitious development plan for Ukraine aimed at supporting the country's transition from energy production from fossil fuels to a low-carbon future.
CWP Global also sees potential for green hydrogen production in Ukraine. Moreover, the company believes that the country could become a center for producing and exporting hydrogen to Western European countries on the continent.
About Australian CWP Global
CWP was founded in 2007 out of a passion for renewable energy and the opportunity that has presented a timely entry into the emerging renewable energy market in Southeast Europe. Since then, the company has developed nearly 2.000 MW of renewable energy projects, including Europe's largest operating onshore wind farm. CWP Global is headquartered in Newcastle, Australia.