The project is supported by the European Commission and the governments of Ukraine and Denmark. Investments in the second stage of wind farms will amount to EUR 450 million and will be financed by the company, as well as leading Western banks under state guarantees.

This is stated in the message of DTEK.

"The memorandum of understanding between DTEK and Vestas, the world's leading manufacturer of wind turbines, stipulates that the Danish company will supply wind turbines in Ukraine for the construction of the second stage of the Tiligul wind farm," it says.

The signing took place in the presence of European Commissioner for Energy Kadri Simson and Minister of Energy of Ukraine Herman Galushchenko.

The second stage of the wind farm will consist of 64 wind turbines (6 MW each) with a total capacity of 384 MW. And the 114 MW stage was commissioned in the spring of 2023.

Finally, the first and second stages of DTEK Tylihulska Wind Farm will have a capacity of 500 MW (83 wind turbines). The plant will be capable of producing about 1.7 TWh of electricity annually. This is enough for the needs of 900 thousand people. Households. The project is expected to reduce CO2 emissions by 1.7 million tons annually.

DTEK is ready to start construction of the second stage of the wind farm in Q2 2024, and complete construction at the end of 2025. Gradual connection of the installed wind turbines to the grid is expected from the end of 2024.

The WPP project is in line with the concept of distributed generation development in Ukraine, which was supported by President Volodymyr Zelenskyy.

"This is another evidence of the high confidence of Western investors in DTEK Group, which has repeatedly confirmed its reputation as a responsible partner. We believe in Ukraine's victory and do not wait for the end of the war to attract our own and Western capital to create new infrastructure. Today, we are not only restoring what the occupiers are destroying so persistently every day, but also building new Ukrainian energy and new power plants," said DTEK CEO Maxim Timchenko.

According to the report, the project of the Tylihulska wind farm was developed in accordance with the company's long-term strategy approved by DTEK shareholder Rinat Akhmetov to achieve carbon neutrality and integration into the single market of the European Union.

"We are very pleased with the expansion of our cooperation with DTEK and the construction of the Tylihulska wind farm, which will contribute to the recovery of Ukraine's energy sector and demonstrate the country's openness to business... I would like to express my appreciation for DTEK's visionary leadership – thank you for the trust you place in Vestas," said Henrik Andersen, CEO of VESTAS, during the signing.

To recap, in May 2023, DTEK commissioned the first stage of the Tylihulska wind farm in the Mykolaiv region with 19 turbines with a capacity of 114 MW.