Renewable Energy in Ukraine
+380 (66) 508-07-64Investment & Asset Management Case Study
This project demonstrates the investment and asset management experience of Avenston’s founders. Rather than acting as the EPC contractor, the team participated as equity investors, gaining practical experience throughout the entire project lifecycle—from investment and construction oversight to commercial operation and the successful sale of the operating asset.
Unlike Avenston’s EPC projects, this case highlights the founders’ experience as investors and asset owners, demonstrating expertise across the commercial lifecycle of renewable energy investments.
The project involved the development, operation, and successful commercialization of a 1 MWp utility-scale solar power plant in the Dnipro region of Ukraine. Construction was completed in 2021, and the facility commenced commercial operation under Ukraine’s Feed-in Tariff (FIT) support scheme.
As co-investors, the project team participated in key investment decisions, project coordination, technical oversight, operational management, and commercial optimization. The plant utilized bifacial photovoltaic modules, fixed-tilt mounting structures, and grid-connected architecture designed for long-term commercial electricity generation.
Following several years of successful commercial operation, the project achieved its investment objectives. The operating asset was subsequently acquired by a strategic investor, completing the full investment lifecycle—from project development and commissioning to long-term operation and successful exit.
Beyond its financial performance, this investment provided first-hand experience in renewable energy project finance, operational asset management, electricity market participation, and project valuation. It further strengthened Avenston’s understanding of renewable energy projects from an investor’s perspective, complementing the company’s engineering, development, and EPC capabilities.
Project Overview
- Location: Dnipro Region, Ukraine
- Installed Capacity: 1 MWp
- Technology: Bifacial PV Modules
- Mounting System: Fixed Tilt
- Grid Connection: On-grid
- Business Model: Feed-in Tariff (FIT), later Day-Ahead Market
- Avenston’s Role: Equity Investor & Technical Partner
- Project Status: Successfully Sold to Strategic Investor
About Avenston Today
Avenston focuses on renewable energy project development, investment partnerships, implementation support, and asset management. Building on the experience gained through more than a decade of renewable energy projects, the company supports international investors and strategic partners in developing and operating renewable energy assets in Ukraine.
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