Press Releases

De Raj Group to build 88 MW Photovoltaic power plants in Ukraine

Cologne, 26th September 2019

De Raj Group AG, Germany announces the signing of an Agreement with STC Energy Limited Liability Company (STC), Ukraine. Under the Agreement the companies will construct 6 Solar Power Stations across the Kiev region and supplying electricity to the State Company (Energorynok), Ukraine. These photovoltaic power plants, will have a total production capacity of 88,371 MW. This investment in Ukraine along with other ongoing negotiations in Hungary, India and South East Asia will further fuel it’s strategic expansion into renewable energy projects across Europe and globally.

STC is one of the largest renewable energy developers in Ukraine. The company has strong positions in the renewable energies industry. STC develops, builds, operates and maintains renewable energies projects, both for itself and for third parties.

According to Mr. Vaidyanathan Nateshan – Group CEO, these plants in Ukraine is a significant step forward in the development of it’s strategy to build a Green Investments portfolio as a growth driver.

Ukraine actively supports renewable energy and the numbers of projects in the field of solar energy in Ukraine will continue to grow, because of the fixed rate of the “green” tariff which will help to receive a relatively fast return on investment with minimal risk.