INTEGRITES acts as local legal counsel for ÜMITLI, Turkish developer of renewable energy facilities, on the construction of three photovoltaic (PV) plants with a total capacity of 26 MW in Dnipropetrovsk Region, Ukraine. The total investment involved reaches USD 30 million. One plant has already been commissioned, two others are scheduled for commissioning by the end of 2019.
The scope of legal work provided by INTEGRITES included due diligence of the project companies and assets, comprehensive advice on construction, regulatory and land matters, feed-in-tariff, grid connection and production license. The firm also advised ÜMITLI on tax and customs issues, structuring of transactions and project financing.
Three solar photovoltaic plants in Chumaki, Novopetrovka and Katerynivka will produce clean energy for more than 18,000 households and help decrease carbon emissions by 22,000 tons per year. The projects will be implemented under Ukraine’s 10-year feed-in-tariff scheme and will produce power even afterwards.
Supervised by the Managing partner Oleksiy Feliv, INTEGRITES team included partners Ilya Tkachuk and Viktoriya Fomenko, counsels Gennadii Roschepii and Vasyl Yurmanovych, associate Olena Zhydenko, Alina Trofimova, Kostyantyn Kharchenko, Yuliya Bleshmudt.
Oleksiy Feliv, Managing partner at INTEGRITES: “We are delighted to provide full legal service on all stages of the project, from the initial planning to obtaining the feed-in tariff, to ÜMITLI as one of the highly committed Turkish investors in renewables in the region. It’s good to see the primary stage of the solar park already commissioned. We look forward to working with ÜMITLI on the upcoming projects in Ukraine”.
Mustafa Ümitli, Chairman at ÜMITLI Inc.: “Solar projects supported on the legal side by INTEGRITES are Ümitli’s first investment abroad and in Ukraine. We are grateful to the firm’s team for being a reliable partner to us from the very beginning, on handling all institutional, land, corporate related topics and showing best of their effort. We hope to continue cooperation on further projects in the countries of our presence”.
INTEGRITES is a full-service law firm with headquarter in Ukraine. Particularly focused on renewables, the firm represents the biggest international clients with a cumulative commitment to 2 GW of wind and 500 MW solar power projects in Ukraine which ensures the firm’s leading position on the regional market. For more information visit www.integrites.com.