Stara Buda Solar Power Plant
Project for the construction and operation of a solar power plant with a capacity of 18.1 MW*h in Stara Buda village, Bucha district, Kyiv region
Key Project Indicators
18.1
MW*h
Installed capacity of the solar power plant
20
MW*h
Annual electricity generation
$8.6M
CAPEX
Cost of PV station without VAT
5.5
years
Project payback period
According to calculations by "ATMOSFERA ENGINEERING", a potential reduction in construction costs by 15-20% could shorten the payback period to 5.0-5.5 years.
Land Plot Characteristics
Plot Area
20.0 hectares for PV power plant construction
Intended Use
For the construction, operation, and maintenance of buildings and structures of an energy-generating enterprise
Location
Stara Buda village, Bucha district, Kyiv region
Infrastructure
  • Asphalt road
  • Electrical energy
  • Gas supply
  • Water supply
Monthly Electricity Generation
Calculations for Kyiv Region, Bucha District, Stara Buda Village
Total Annual Generation: 19,977,175 kWh
Highest productivity is observed in summer months (June-August), lowest in winter.
Capital Expenditure Structure
Equipment
$6,242,116
61% of total expenditures
Services and Works
$3,161,000
31% of total expenditures
Land Plot
$800,000
8% of total expenditures
Total project cost: $10,203,116 (including VAT)
Cost without VAT: $8,635,930
Main Equipment for Solar Power Plant
The equipment also includes monitoring panels, inverter protection, installation materials, lighting, and perimeter fencing.
Installation Works and Services
01
Installation and Commissioning Works
$1,232,000 - main complex of equipment installation works
02
Non-standard connection of solar power plant
$1,065,000 - connection to the power grid
03
Fence Installation Works
$340,000 - fencing and foundation
04
Pile Driving
$250,000 - foundation works
05
Installation of KTP and Lighting
$252,000 - auxiliary works
Total cost of works: $3,161,000 (including VAT $526,833)
Benefits of Your Own Solar Power Plant
Guarantees of Electricity Origin
Receiving GOEE for the entire volume of electricity generated from RES (20 MWh = 20 GOEE annually)
Free Circulation of Certificates
GOEE are in free circulation, buying and selling at market prices, with the possibility of export/import
Environmental Impact
Reduction of CO₂ emissions by 8,071 tons/year, reduction of NOx SOx emissions by 77,511 kg/year
The Law of Ukraine dated 30.06.2023, No. 3220-IX, introduced the European mechanism of virtual energy labeling through GOEE, which opens new opportunities for monetizing green energy.
Project Implementation Schedule
Overall implementation period: 291 days
1
Pre-design works
21 days
Preparatory research and analysis
2
Design works
60 days
Development of technical documentation
3
Equipment supply
60 days
Procurement and delivery of components
4
Construction and installation works
140 days
Main construction phase
5
Commissioning works
10 days
System testing and launch
Warranty Conditions
1
Inverters
5 years official warranty from the manufacturer
2
Photovoltaic Modules
15 years on the product and 25 years on output power
3
Mounting System
15 years - aluminum, 5 years - galvanization
4
Lithium Batteries
7 years warranty on energy storage devices
5
Installation Works
1 year with the possibility of annual extension subject to maintenance regulations
Official warranty is provided according to the terms of the manufacturing plants of the respective equipment.
25-Year Performance Forecast
Average annual performance of the PV station, considering natural panel degradation
470.6M
kWh
Total generation over 25 years
0.5%
Annually
Natural panel degradation
Project Financing Structure
Company Establishment
It is proposed to establish a company with the participation of interested legal and natural persons, based on the distribution of shares in the authorized capital.
Funding Sources
  • Partners' investment funds
  • Bank lending
  • Participants' own funds
Bank Lending
Negotiations were held with JSC "Oschadbank" regarding the allocation of loan funds on preferential terms for financing the first stage of the solar power plant (3-4 MW*h).
Required for lending: $1,000,000

With the assistance of NPC "Ukrenergo," the issue of issuing technical specifications for connecting the solar power plant to the power grid has been resolved.
Proposal for Investor
Investment Amount
$100,000 (one hundred thousand US dollars)
For the organization of the enterprise and project preparation for launch
Terms of Participation
Equity participation in the charter capital of the project-owning enterprise
Preferential right to perform work on the construction of the Solar Power Plant (SPP)
Distribution of Investment Funds:
1
$50,000
Project preparation for launch
  • Enterprise registration
  • Feasibility Study (FS) development
  • Obtaining technical conditions (TC) and permits
  • Project documentation
2
$50,000
Operational activities
  • Financing for 6-8 months
  • Current enterprise expenses
  • Administrative expenses
Return on Investment
01
Project Preparation
Use of investment funds ($100,000) for preparatory work and operational activities
02
Loan Acquisition
Obtaining a bank loan on preferential terms to finance the first stage of the Solar Power Plant
03
Fund Repayment
Repayment of invested funds to the investor-partner from the bank loan
04
SPP Operation
Receiving profit from the sale of electricity and Green Energy Certificates in accordance with the share in the authorized capital
The investor-partner or companies recommended by them will have preferential rights to perform certain types of work for the construction of the Solar Power Plant, with payment according to market conditions.
Outlook and Conclusions
Economic Efficiency
Payback period of 5.0-5.5 years with a possible reduction in construction costs. Stable income for 25+ years of operation.
Environmental Impact
Significant contribution to reducing greenhouse gas emissions: 8,071 tons of CO₂/year and 77,511 kg of NOx SOx/year.
Investment Attractiveness
Minimum investment of $100,000 to enter a promising renewable energy project with a guaranteed return of funds.
Stara Buda Solar Power Plant - an investment in the future of clean energy in Ukraine
The project combines economic benefit, environmental responsibility, and strategic importance for the country's energy independence. We invite you to collaborate!