Eterna Law has advised Lithuania's Modus Group on its third investment in Ukrainian renewable energy sources involving a 13 megwatt renewable energy sources project in West Ukraine.
According to Eterna Law, the new project involves the construction of a photovoltaic power plant in the Ivano-Frankivsk region of Ukraine. Eterna Law reports that construction, which is financed by both debt and equity, will commence sometime this month. Once complete, the project is expected to generate over 20 gigawatts-hour of green energy annually, which the firm describes as “a significant step towards the increase of the share of RES in Ukraine [that was] announced and supported by Ukrainian government."
Last year Eterna Law advised the Modus Group on its investment in the construction of a solar station in the Zhytomyr region of Ukraine with a capacity of 35 megawatts (as reported by CEE Legal Matters on September 4, 2018).
The Eterna team was led by Partner Maksym Uslystyi and included Associate Michael Lytvyn and Junior Associate Vladyslav Zastup.
