EBRD and IFC consider loan provision to West Crimean Wind Project

According to the information published at the EBRD web site, the West-Crimean Windplant LLC (WCW LLC) is in the process of developing a 126 MW wind farm in Chernomorske district, West Crimea, Ukraine. This project is the first phase of a larger 250MW power plant to be implemented by 2015.

The project received the final construction permit in December 2012. The project’s land plots are secured through a 49 year lease agreement with local municipalities. Construction of the first 63MW tranche is expected to begin in the first quarter of 2013 and to be completed by the second quarter of 2014, while the whole 126 MW project may be completed by the fourth quarter of 2014.

The 126MW project will be implemented in two tranches with one EPC contract per tranche signed with Guris LLC, a subsidiary of Turkish company Guris. As for the turbines supplier, Guris LLC shortlisted the following equipment type: Gamesa G10x and Fuehrlander FL-2500. O&M services will be provided by the turbine supplier under a 10-year agreement, on an all-inclusive basis. On the basis of the 2.7 year wind measurements at two masts done before April 2011, Wind Prospect and Garrad Hassan independently completed energy yield assessments of the site covering three types of wind turbine (Gamesa G128, Fuehrlander FL-2500 and Vestas V112).

Guris and Greenworx from Belgium have indirect ownereship of the WCW LLC according to recent article by Platts Energy in East Europe.

The European Bank for Reconstruction and Development together with the IFC are considering providing loan to finance the project. The EBRD has announced the tender for engagement of a lender’s engineer. More information is available at http://www.ebrd.com/pages/workingwithus/procurement/notices/csu/39472.shtml