Renewable Energy in Ukraine
+380 (66) 508-07-64Utility-Scale Solar Development, Transaction & EPC Case Study
This portfolio showcases the experience of Avenston’s founders across the full lifecycle of utility-scale photovoltaic developments—from greenfield project origination and investment structuring to EPC delivery and successful commissioning.
These projects were delivered by companies within the former Rentechno Group, where Avenston’s founders were co-founders and shareholders. The group originated the projects, coordinated the sale of the ready-to-build (RTB) project companies to a strategic investor, and subsequently delivered the solar power plants through its engineering and construction companies.
With a combined capacity of 22.56 MWp, the Tavan Solar Portfolio formed part of the nearly 58 MWp renewable energy development pipeline originated by the team during that period, making it one of the group’s flagship development programmes.
This portfolio illustrates the team’s ability to create, commercialize, and deliver utility-scale renewable energy assets through every stage of the project lifecycle.
Portfolio Highlights
• 3 utility-scale solar power plants
• 22.56 MWp total installed capacity
• Greenfield Development → RTB Transaction → Turnkey EPC
• Part of a 58 MWp development pipeline
• RTB project companies successfully sold to a strategic investor
• Successfully commissioned under Ukraine's Feed-in Tariff (FIT)
• 22.56 MWp total installed capacity
• Greenfield Development → RTB Transaction → Turnkey EPC
• Part of a 58 MWp development pipeline
• RTB project companies successfully sold to a strategic investor
• Successfully commissioned under Ukraine's Feed-in Tariff (FIT)
Development Experience
Companies within the former Rentechno Group, with the direct involvement of Avenston’s founders, participated throughout the entire project lifecycle, including project origination, land acquisition, permitting, grid connection development, engineering coordination, investment structuring, preparation of RTB project companies for transaction and their subsequent sale to a strategic investor, EPC management, equipment procurement, commissioning, and obtaining Feed-in Tariff eligibility and regulatory approvals. This end-to-end involvement provided practical experience across both the technical and commercial dimensions of utility-scale renewable energy development.
EPC Delivery
Companies within the former Rentechno Group, with the direct involvement of Avenston’s founders, participated throughout the entire project lifecycle. Their responsibilities included project origination, land acquisition, permitting, grid connection development, engineering coordination, investment structuring, preparation of RTB project companies for transaction and their subsequent sale to a strategic investor, EPC management, equipment procurement, commissioning, and obtaining Feed-in Tariff eligibility and regulatory approvals.
Project Overview
- Location: Kherson Region, Ukraine
- Portfolio Capacity: 22.56 MWp
- Portfolio Assets: 3 Solar Power Plants
- Project Type: Utility-Scale Ground-Mounted PV
- Role of the Team: Project Development, EPC Delivery & Technical Coordination
- Commercial Transaction: Sale of RTB Project Companies to Strategic Investor
- Construction Model: Turnkey EPC
- Grid Connection: Completed
- Support Scheme: Feed-in Tariff (FIT)
- Project Status: Successfully Commissioned
Strategic Significance
The Tavan Solar Portfolio represents one of the flagship renewable energy development programmes delivered by companies within the former Rentechno Group, where Avenston’s founders were co-founders and shareholders.
The portfolio demonstrates practical expertise across the entire renewable energy project lifecycle—from greenfield development and investment structuring to transaction execution, EPC delivery, grid connection, regulatory approvals, and commercial operation.
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.
More projects:
Sunflower-90 Solar Power Plant
Solar power station (photovoltaic station) "Sunflower-90" was built in the Kirovograd region. The power plant covers an area of 0.5 hectares, and the total power of installed solar panels (photovoltaic modules) is 90 kW.
Sloboda-Bushanska Solar Power Plant
Sloboda-Bushanska solar photovoltaic plant was built in Yampol district of Vinnitsa region. Solar power plant is located on a plot of 3.88 hectares. The total capacity of power plants is 1875 kW.
Weligen & Weliton Solar Portfolio
The Weligen & Weliton Solar Portfolio showcases Avenston founders' experience across the renewable energy investment lifecycle—from greenfield development and RTB project transactions to owner-side technical advisory.
Rivinianska-2 Solar PV Power Plant
The solar power station (photovoltaic station) "Rivnianska-2" was built in the Kirovograd region. The power plant occupies an area of ha, and the total power of installed solar panels (photovoltaic modules) is 403 kW.