History of Avenston Group

The history of the Avenston Group began in 2001, when key employees of our team took part in a successful project to launch the serial production of silicon solar cells which was the first and at that time the largest in the CIS. On the basis of this production facility, in 2003-2004, the technology of solar modules manufacturing was developed and the new serial production was launched. All these activities also included scientific and practical activities, within the framework of which a number of R&D studies were carried out with the involvement of leading scientific institutions of Ukraine, Turkey and the UK.

In 2007, our team implemented several investment projects in Ukraine and the United States related to the production of photovoltaic components under the SolarUA brand.

In 2010, Rentechno company was founded – at that time the general contractor in the field of solar PV energy. The first projects for the construction of industrial solar power plants were implemented in 2011-2012 with the aim of obtaining benefits from the current green tariff.

Taking into account the prospects of the bioenergy market, Biosynergia company was created in 2015. The company focused on the development and implementation of technologies for industrial gasification of agricultural waste.

The years 2017-2018 were notable for the rapid growth of the solar energy market of Ukraine, new industry challenges and the increasing demand for general contracting and development services. In order to ensure a high level of customer service in the context of market environment transformations, Avenston LLC was founded in 2018. In total, our group of companies took part in the implementation of a large number of utility-scale solar power plants with a total capacity of over 150 MW. Avenston is actual member of Solar Energy Association of Ukraine. At the beginning of 2019, we were accredited by UkrGazBank and became a member of the list of trusted contractors (EPC-contractors) that passed the selection and objective evaluation procedure.

In 2019, a strategic decision was made to diversify the business. New directions of the group’s activity have been launched – Avenston RE Hub and Avenston Agro.

At the beginning of 2021, due to the intensive growth of activities related to the design and installation of engineering systems, our engineering department was significantly expanded and transformed into a separate company, Avenston Engineering LLC. The new company is also engaged in solar energy projects, focusing on small and medium-sized solar power plants. Avenston Engineering offers an integrated approach to heat and power supply of industrial, commercial and private facilities with the maximum use of renewable energy sources and energy-saving technologies.

Also our business group collaborates with leading research institutions and companies both in Ukraine and abroad to achieve the ultimate goal — the practical application of modern innovative technologies for efficient conversion of RES into electricity and thermal energy, in compliance with moderate levels of capital expenditures for the construction of such facilities. Key employees have been educated in prestigious universities and have extensive experience in senior positions in major national and international companies. Our management team has vast experience in engineering and finance, which, combined with our hands-on renewable energy experience, as well as with the wide network of our industry partners worldwide, provides us with the necessary capacity and motivation to deliver high quality projects from inception to maturity.