Construction of the Berezivka wind farm with a capacity of 57.6 MW

Sector
Energy Sector
Stream
Construction of wind power plants
Maturity level
84
Project Status
Preliminary Investment Feasibility Study
Entry into Portfolio
State level of SPP
Investment Feasibility Study
Implementation
Completion

General information

Description of the project

The project involves the construction of an onshore wind power plant with an installed capacity of 57.6 MW in the Bereziv district of Odessa region.

The implementation of the project is due to the relevance and need for the development of distributed generation in the regions of Ukraine (decentralization of generation) in order to ensure the stability of the energy system and energy independence, avoid the risks of power supply interruptions and cover the deficit in the energy system of Ukraine.

It is expected that the implementation of the project will have a positive impact on the development of decarbonization processes of operational activities, increase the share of electricity generated from renewable energy sources, reduce dependence on fossil fuels, and contribute to savings / reduction of greenhouse gas emissions. 

The purpose of the project

Main Goal:

Поява нових виробничих потужностей

Secondary Goal:

Contribution to climate or environmental goals

Description of the purpose of the project and ways to achieve it

Creation (new construction) of a renewable energy generation facility (onshore wind power plant) with the aim of further selling the generated electricity in various segments of the electricity market, contributing to ensuring the sustainability of the energy system and energy independence, and achieving decarbonization goals.

Problems and solutions resulting from project implementation

The construction of wind power plants in Ukraine is strategically important for ensuring the sufficiency of generating capacity in the energy system of Ukraine, in particular in important energy nodes of the energy system of Ukraine. Due to systemic risks for traditional generation, especially in war conditions, wind generation as objects of dispersed distributed generation becomes a reliable source of stable and environmentally friendly energy. The project will contribute to the creation of an alternative source of electricity supply in order to strengthen the stability of the energy system and energy independence; ensure the stability of electricity supply; increase the share of electricity generated from alternative energy sources; replace the use of fossil fuels; reduce greenhouse gas emissions; contribute to achieving national goals for mitigating the effects of climate change in the energy sectors; contribute to achieving sustainable development goals; ensure a "green" transition of business by 2050.

Socio-economic context

Indicator

Value

Operating expenses per year

226 mln UAH

Other functional

100 %

Population in the geographical area of influence of the project

32.9 mln people

Number of IDPs in the geographical area of impact of the project

4601.1 thous. people

Strategic Case

Strategic feasibility of the project

Sector

Energy Sector

Subsector

Renewable energy and alternative fuels

Stream

Construction of wind power plants

Strategic document

National Energy and Climate Plan until 2030

Task

Development of wind energy, ensuring the stability of the unified power system of Ukraine

Project objectives

Indicator
Base value
Target value
Carbon dioxide emissions savings per year
0 t
162500 t
The volume of installed capacity of the wind power plant
0 MW
57.6 MW

Project Sustainable Development Goals

Demand for the service and its dynamics

What methodology was used to estimate demand?

Було застосовано декілька кількісних методів оцінки попиту, зокрема аналіз часових рядів, регресійний аналіз та аналіз еластичності попиту
[Response was provided in the Preliminary Investment Feasibility Study]

Has data from external sources been used in the demand assessment?

Yes
[Response was provided in the Preliminary Investment Feasibility Study]

Does the demand forecast take into account the latest demographic and economic forecasts?

Yes
[Response was provided in the Preliminary Investment Feasibility Study]
Indicator
Year
Demand
Annual demand for services/infrastructure
1
89402000 MWh
Annual demand for services/infrastructure
2
98006000 MWh
Annual demand for services/infrastructure
3
140000000 MWh
Annual demand for services/infrastructure
4
129900000 MWh
Annual demand for services/infrastructure
5
128200000 MWh
Economic justification

Analysis of the project's impact on ecology and climate change

Does the planned activity have a potential positive contribution to achieving climate or environmental objectives?

Climate change adaptation
[Response was provided in the Preliminary Investment Feasibility Study]
Climate change mitigation
[Response was provided in the Preliminary Investment Feasibility Study]

Is the proposed project expected to significantly harm any of the following climate or environmental objectives?

None of the options are applicable

Project sustainability and inclusivity

Identify potential gender risks of the project and indicate possible ways to overcome them:

None of the options are applicable

Does the project provide for improving women's access to services?

The project will create jobs available to women (temporarily or permanently)
[Response was provided in the Preliminary Investment Feasibility Study]

Are civil society organizations representing women and vulnerable groups included in the consultation process?

No
[Response was provided in the Preliminary Investment Feasibility Study]

Alternative technical solutions

Technical Solution 1

Alternative solution 1 using wind turbines with lower unit capacity

Technical Solution 2

Alternative solution 2 using wind turbines with higher unit capacity

Cost breakdownCost justificationCost justification
Project cost (preparation and implementation)5'106'219'079 UAH4'904'796'840 UAH
For preparation121'693'043 UAH121'693'043 UAH
For implementation4'984'526'036 UAH4'783'103'797 UAH
Project operation and closure cost5'645'780'648 UAH4'861'388'132 UAH
For operation5'645'780'647 UAH4'861'388'131 UAH
For closing1 UAH1 UAH
Average annual costs225'831'226 UAH194'455'525 UAH
Project duration, incl.104 months104 months
Deadline for developing a FFS76 months76 months
Implementation period28 months28 months
Service life300 months300 months
Target indicatorsDefined Defined
Technical Solution Status
Active

[The technical approach was selected for further detailed analysis or implementation.]

Rejected

[The technical approach was not selected for further detailed analysis or implementation.]

Commercial Justification

Supplier and contractor market assessment

Is the project likely to attract a sufficient number of bidders to ensure real competition that will encourage bidders to think innovatively and maximize the quality of their proposals?
Yes

[Response was provided in the Preliminary Investment Feasibility Study]

Is the project of interest to small and medium-sized enterprises?
Yes

[Response was provided in the Preliminary Investment Feasibility Study]

Will the project involve national or international suppliers and contractors?
Yes, both national and international

[Response was provided in the Preliminary Investment Feasibility Study]

Has an analysis of available procurement options been conducted for the technical solution?
Yes

[Response was provided in the Preliminary Investment Feasibility Study]

Financial justification

Total project budget

Total preliminary budget10'751'999'727 UAH9'766'184'972 UAH
Project cost (preparation and implementation)5'106'219'079 UAH4'904'796'840 UAH
For preparation121'693'043 UAH121'693'043 UAH
For implementation4'984'526'036 UAH4'783'103'797 UAH
Project operation and closure cost5'645'780'648 UAH4'861'388'132 UAH
For operation5'645'780'647 UAH4'861'388'131 UAH
For closing1 UAH1 UAH
Were the methodological recommendations approved by the Ministry of Finance of Ukraine applied when calculating the indicative budget?
Yes
[Response was provided in the Preliminary Investment Feasibility Study]

Average project cost per service recipient

Service Unitелектрична енергія, МВт*г
Service Unit Cost17'109 UAH

Profitability of the project

Is the project expected to generate income?YesNo
Is the project self-sustaining?Yes
Has the financial condition of the potential beneficiary been assessed in accordance with the order of the Ministry of Finance of Ukraine dated 14.07.2016 No. 616?
Yes
NPV Value37 UAH

Availability of services

Has an analysis been conducted of the accessibility of services for consumers and their financial ability to pay the established tariffs?
Not applicable – the project does not provide for the provision of paid services or the establishment of tariffs

[Response was provided in the Preliminary Investment Feasibility Study]

Project Financing Mechanisms

Are funding sources and mechanisms identified?

Source and MechanismYesNo

Public-private partnership

Has a qualitative and quantitative assessment of the project's suitability for implementation through a PPP mechanism been conducted?
Yes, the project is suitable for PPP

[Response was provided in the Preliminary Investment Feasibility Study]

Are there, after conducting an appropriate study, private investors interested in the possibility of implementing the project in the PPP format?
No

[Response was provided in the Preliminary Investment Feasibility Study]

Management Rationale

Team competencies

Determine which competencies/expertise required for successful project preparation and implementation can be provided by the project initiator's own project team (without involving external advisors)
Strategic justification - analysis of the strategic feasibility of the project

[Response was provided in the Preliminary Investment Feasibility Study]

Economic justification - economic analysis

[Response was provided in the Preliminary Investment Feasibility Study]

Project management - communication with stakeholders

[Response was provided in the Preliminary Investment Feasibility Study]

Project management - risk management

[Response was provided in the Preliminary Investment Feasibility Study]

Business case - analysis of available procurement options

[Response was provided in the Preliminary Investment Feasibility Study]

Project management - legal support

[Response was provided in the Preliminary Investment Feasibility Study]

Strategic rationale - SDG compliance analysis

[Response was provided in the Preliminary Investment Feasibility Study]

Project management - working with international financial organizations (IFOs)

[Response was provided in the Preliminary Investment Feasibility Study]

Financial analysis - financial analysis

[Response was provided in the Preliminary Investment Feasibility Study]

Strategic rationale - demand analysis

[Response was provided in the Preliminary Investment Feasibility Study]

Business case - analysis of the market environment

[Response was provided in the Preliminary Investment Feasibility Study]

Does the team have experience implementing similar projects?
Partially, we have limited experience

[Response was provided in the Preliminary Investment Feasibility Study]

Identify which competencies/expertise required for successful project preparation and implementation need to be strengthened by engaging independent experts or consultants
Economic feasibility study - technical expertise

[Response was provided in the Preliminary Investment Feasibility Study]

Economic justification - social and gender analysis

[Response was provided in the Preliminary Investment Feasibility Study]

Management rationale - public consultation

[Response was provided in the Preliminary Investment Feasibility Study]

Economic justification - environmental expertise

[Response was provided in the Preliminary Investment Feasibility Study]

Is there an understanding of where to find relevant experts and consultants?
Partially, we are considering options

[Response was provided in the Preliminary Investment Feasibility Study]

Risk assessment

Technical riskDefinedUndefined
Financial riskDefinedUndefined
Operational riskDefinedUndefined
Other riskDefinedUndefined
Results of the feasibility analysis
Project Preparation Program Engagement and Funding Needs

Is there ongoing cooperation or support within the framework of international technical assistance (ITA) or from other donor or government agencies?

No
[Response was provided in the Preliminary Investment Feasibility Study]

Does the project require preparation assistance from Project Preparation Programs (PPF)?

None of the options are applicable
Need for financing

Does the project require additional funding for preparation?

Yes
[Response was provided in the Preliminary Investment Feasibility Study]

Project Approval History

DateDecision NumberPortfolioProject StatusDecisionReasonsMaturity level
19/08/2025SP-N-190825-64B9A7C9State SPPreliminary Investment Feasibility StudyInclude--
01/10/2025SPP-N-011025-F0EF4B96State SPPPreliminary Investment Feasibility StudyNot approved--
28/10/2025SPP-N-281025-B05F5FD6State SPPPreliminary Investment Feasibility StudyInclude-84