07-04-2021
Nebras Power announced the expansion of its investment extent to the Ukrainian energy market through a partnership agreement in six projects to generate electricity through solar energy with UDPR and its parent company UFuture.
Under this agreement, signed today in Doha, Nebras Power will acquire a majority stake in the solar energy projects “Scythia 1”, “Scythia” 2, “Free Energy”, “Port Solar” and “Terslav”. And "Sun Power Pervomaisk".
On this occasion, His Excellency the Chairman of Nebras Power, Mr. Mohammed bin Nasser Al-Hajri, said: “Nebras Power has an ambitious global strategy as the Ukrainian energy market represents a new milestone in our growth plan. Our commitment is not limited to providing clean and reliable energy, but also to contribute to impact enriching local communities and national economies of the countries in which we invest. Likewise, our plans include not only investing in energy generation, but also in individuals and societies."
Eng. Khaled Mohamed Jolo, CEO of Nebras Power, commented on the deal, saying, “Nebras has always sought to expand its global investment portfolio in clean energy. By expanding into Ukraine, we are entering a strong new market that provides tremendous opportunities to provide clean, long-term energy for companies and individuals, as well as meaningful returns on investment in the energy field. "
In addition to the acquisition of solar projects, Nebras Power and UDPR have also entered into a long-term strategic partnership to invest in the development of new clean energy projects in Ukraine.
“This acquisition agreement represents a fruitful conclusion to the two-year negotiations on cooperation with the State of Qatar and Nebras Power Company,” said Sergei Yevushenko, Managing Director of UDPR. “We are pleased to open opportunities in the Ukrainian market for a reputable global investment company in the field of energy such as Nebras Power is proud to be a trusted partner. I am confident that together, we will be able to make our planet cleaner and greener for future generations. "
The cooperation between the two companies will positively change Ukraine's energy and environmental industry by reducing carbon emissions. This partnership, which focuses on clean and renewable energy projects, will help Ukraine achieve its clean energy goals as it looks to move away from reliance on fossil fuel energy.
For his part, Mr. Nicholas Timuchuk, CEO of U Future, commented, “By 2023 we will add more to Ukraine’s clean energy, thereby improving our country’s environment and its global economic competitiveness. Thanks to Nebras Power’s investments, we will produce more than 700 trillion units of clean electricity annually, enough to provide energy to 310,000 homes. "
This agreement embodies the continued growth of Nebras Power's global asset portfolio and the sustainable strategic investments in energy, water and renewable energy. The company currently has assets in Western Europe, Asia, the Middle East, North Africa, Australia and Latin America.