The 18 MW Hlyniany II solarpower plant in the Ukrainian Lviv region will supply more than 6,000 households with green energy while saving 300,000 tons of Co2 – with support from OeEB. 

Hlyniany II is a project of ECO Optima Group which has already implemented renewable energy projects with a total installed capacity of 154 MW. OeEB provides EUR 10.3 million for the construction and operation of this project. 

The power plant is to produce 19.5 GWh of electricity annually, which will supply more than 6,000 households with green energy and save 300,000 tons of Co2.

"This loan marks our first transaction in Ukraine and we are proud to cooperate with Eco-Optima Group, an experienced partner in the field of renewable energy. The project will support the government’s efforts to diversify the country’s energy mix and increase the share of renewable energy. This will not only help improve energy security and promote economic development but also contribute to reducing greenhouse gas emissions and fighting climate change," says Sabine Gaber, Member of OeEB's Executive Board. 

"OeEB's decision to sign a long-term financing for a solar power plant in the town of Hlyniany, Lviv region, Ukraine with a total capacity of 18.2 MW is timely and very important for Ukraine. The use of renewable energy sources will not only reduce greenhouse gas emissions but also strengthen Ukraine’s energy independence. We are very pleased to note that such confidence from Austrian bank's side stipulates that Eco-Optima Group is on a right way and we hope for a long-term cooperation with OeEB," says Zinovii Yaroslavovych Kozytskyi Head of Eco-Optima Supervisory Board.