Dentons acted as legal counsel to a Danish company Better Energy A/S and the Northern Environmental Financial Corporation (NEFCO) in connection with the construction of a 19 MW solar park in Western Ukraine. The total investment for the project is €6.6 million.

The new solar power plant will be constructed in the southern part of Zhytomir oblast. The aim is to start producing green electricity for the Ukrainian grid already during 2018. The solar plant is expected to produce 6,660 MWh of green electricity per year, providing more than 1,000 homes with green electricity. This will reduce CO2 emissions originating in electricity production in Ukraine by approx. 5,500 tonnes annually.

Dentons team in Ukraine was led by Partner Adam Mycyk with significant input from Counsel Maksym Sysoiev and Associates Nikolay Zhovner, Viktor Marchan.

About Dentons

Dentons is the world's largest law firm, delivering quality and value to clients around the globe. Dentons is a leader on the Acritas Global Elite Brand Index, a BTI Client Service 30 Award winner and recognized by prominent business and legal publications for its innovations in client service, including founding Nextlaw Labs and the Nextlaw Global Referral Network. Dentons' polycentric approach and world-class talent challenge the status quo to advance client interests in the communities in which we live and work. www.dentons.com.

About Better Energy

Better Energy is an independent solar power producer involved in developing and constructing solar parks in Denmark, the Netherlands, Poland, Sweden and Ukraine. The company has established over 160 MWp in solar power capacity and currently has over 3,500 hectares under development. In 2017, Better Energy completed the third largest solar park in Denmark in Western Jutland and delivered more than 85% of Denmark’s large-scale solar projects. The local project partner Ganska SES LLC in Ukraine has so far developed solar energy projects with a total capacity of 60 MW.

About NEFCO

The Nordic Environment Finance Corporation (NEFCO) is an International Financial Institution established by the Nordic Governments in 1990. NEFCO provides results-based green financing. The current project portfolio in Ukraine comprises over 130 projects at various stages.