Horizon Capital and Notus Energy Collaborate on Landmark 124-MW Wind Project in Ukraine
Horizon Capital, a notable private equity firm based in Kyiv, has taken significant strides in renewable energy investment with its latest collaboration. Partnering with Notus Energy, the firm announced their first venture from the Horizon Capital Catalyst Fund, targeting the financing of a 124-MW wind power project situated in the Odesa region of Ukraine. This development represents not only a critical investment in the energy sector but also a statement of intent regarding the future of renewable energy in Ukraine, renowned for its vast potential and growing infrastructure.
In a recent ceremony held in Davos, Switzerland, that saw the participation of prominent Ukrainian officials such as Oleksii Sobolev, Ukraine's Minister of Economy, Environment and Agriculture, the culmination of efforts led to the announcement of this transformative project. The Catalyst Fund successfully achieved over 50% of its target with initial closings amounting to €152 million out of a total goal of €300 million. This fund is tailored to support high-capital sectors, providing investment ranging from €20 to €50 million per project.
The wind farm will acquire a 45% stake from the Catalyst Fund’s investment, which cumulatively aims to mobilize over €220 million through structured debt packages led by several prestigious international development finance institutions, including EBRD, IFC, Swedfund, BIO, and the Green for Growth Fund. Notus Energy, a reputable German renewable energy developer with an impressive installed capacity of 1.6 GW globally, is at the forefront of this initiative. They are also slated to deliver two additional wind farms in Ukraine, with the combined output expected to reach approximately 300 MW.
On the environmental and social governance (ESG) front, the project promises to make a substantial impact. It is estimated to generate about 378 GWh of clean energy annually, which will be vital in supplying power to 120,000 households, while simultaneously reducing CO₂ emissions by around 244,000 tons each year. Moreover, the construction phase is set to create over 300 jobs, alongside 50 long-term positions, contributing to local employment and economic growth.
Speaking on the partnership, Dmytro Boroday, a partner at Horizon Capital, emphasized the importance of the investment. He noted that their involvement in this wind energy project symbolizes a commitment to fostering high-quality, bankable projects that are crucial for reviving significant sectors of the Ukrainian economy. It also serves as inspiration for international investors looking to engage with Ukraine’s emerging markets, exhibiting confidence in international standards and the country’s potential.
Heiner Dietmar Roger, the founder and CEO of Notus Energy, echoed these sentiments, highlighting the project's significance for his company. He remarked that the investment from Horizon Capital not only aids in advancing the 124-MW project but also underscores Ukraine's capability to host strong renewable energy initiatives and attract substantial investments moving forward.
The successful execution of the project hinges on the completion of final agreements and the necessary regulatory approvals. As the renewable energy landscape in Ukraine continues to evolve, ventures like this pave the way for a brighter, more sustainable energy future, enhancing Ukraine’s reputation as a burgeoning hub for renewable energy investment and development.
In conclusion, the collaborative partnership between Horizon Capital and Notus Energy not only marks the launch of a promising energy project but also exemplifies a strategic movement toward sustainable energy practices in Ukraine, encouraging more extensive international participation in the region's growth.
For further information on these companies and their ongoing initiatives, Horizon Capital and Notus Energy maintain robust online presences, keeping stakeholders updated on their missions and projects.
In a recent ceremony held in Davos, Switzerland, that saw the participation of prominent Ukrainian officials such as Oleksii Sobolev, Ukraine's Minister of Economy, Environment and Agriculture, the culmination of efforts led to the announcement of this transformative project. The Catalyst Fund successfully achieved over 50% of its target with initial closings amounting to €152 million out of a total goal of €300 million. This fund is tailored to support high-capital sectors, providing investment ranging from €20 to €50 million per project.
The wind farm will acquire a 45% stake from the Catalyst Fund’s investment, which cumulatively aims to mobilize over €220 million through structured debt packages led by several prestigious international development finance institutions, including EBRD, IFC, Swedfund, BIO, and the Green for Growth Fund. Notus Energy, a reputable German renewable energy developer with an impressive installed capacity of 1.6 GW globally, is at the forefront of this initiative. They are also slated to deliver two additional wind farms in Ukraine, with the combined output expected to reach approximately 300 MW.
On the environmental and social governance (ESG) front, the project promises to make a substantial impact. It is estimated to generate about 378 GWh of clean energy annually, which will be vital in supplying power to 120,000 households, while simultaneously reducing CO₂ emissions by around 244,000 tons each year. Moreover, the construction phase is set to create over 300 jobs, alongside 50 long-term positions, contributing to local employment and economic growth.
Speaking on the partnership, Dmytro Boroday, a partner at Horizon Capital, emphasized the importance of the investment. He noted that their involvement in this wind energy project symbolizes a commitment to fostering high-quality, bankable projects that are crucial for reviving significant sectors of the Ukrainian economy. It also serves as inspiration for international investors looking to engage with Ukraine’s emerging markets, exhibiting confidence in international standards and the country’s potential.
Heiner Dietmar Roger, the founder and CEO of Notus Energy, echoed these sentiments, highlighting the project's significance for his company. He remarked that the investment from Horizon Capital not only aids in advancing the 124-MW project but also underscores Ukraine's capability to host strong renewable energy initiatives and attract substantial investments moving forward.
The successful execution of the project hinges on the completion of final agreements and the necessary regulatory approvals. As the renewable energy landscape in Ukraine continues to evolve, ventures like this pave the way for a brighter, more sustainable energy future, enhancing Ukraine’s reputation as a burgeoning hub for renewable energy investment and development.
In conclusion, the collaborative partnership between Horizon Capital and Notus Energy not only marks the launch of a promising energy project but also exemplifies a strategic movement toward sustainable energy practices in Ukraine, encouraging more extensive international participation in the region's growth.
For further information on these companies and their ongoing initiatives, Horizon Capital and Notus Energy maintain robust online presences, keeping stakeholders updated on their missions and projects.
Topics Energy）
【About Using Articles】
You can freely use the title and article content by linking to the page where the article is posted.
※ Images cannot be used.
【About Links】
Links are free to use.