Hogan Lovells advises on the groundbreaking ECA covered financing of II stage Tyligulska wind power plant in Ukraine

The project, developed by a subsidiary of Ukraine's largest private energy investor DTEK, involves the construction and operation of a wind farm consisting of 83 wind turbine generators supplied by Vestas, with an aggregate estimated capacity of nearly 500 MW, making it the largest wind energy project in the country. Once completed, the II stage Tyligulska wind power plant will generate 1.7 TWh annually for 900,000 households, and thus significantly contribute to Ukraine's renewable energy capacity and energy independence.

Dr Carla Luh, Head of the German finance practice at Hogan Lovells, said:

"This landmark transaction is a testament to the critical role of international partnerships in driving forward large renewable energy projects in Ukraine. We are proud to have been able to play a role in a complex and impactful financing, which underscores the importance of sustainable energy investments even in the face of significant challenges."

This transaction demonstrates Hogan Lovells' extensive experience in advising on complex cross-border financings in the renewable energy sector and the firm's commitment to supporting projects that drive the transition to a sustainable energy future.

Hogan Lovells team for the banks and EIFO

Finance /Infrastructure Energy Resources and Projects: Dr Carla Luh (Partner), Stipe Bojanić (Counsel), Merve Schmitte (Senior Associate), Isabel Ribeiro Mousinho (Associate), Dr Marzieh Rad (Associate), Iryna Rybchuk (Foreign Research Assistant);

Andrew Gallagher (Partner), Ed Wallis (Senior Associate);

Wouter Jongen (Partner), Art van der Pols (Senior Associate), Jasmijn Touber (Associate);

Due Diligence: Dr Tobias Faber (Partner), Camilla Fröhlich (Senior Associate), Kristina Laewen (Senior Associate), Asha Abram (Trainee Solicitor); 

Ukrainian Law and project coordination: Alesya Pavlynska (Business Lawyer).

Ukraine: Sayenko Kharenko

Denmark: Kromann Reumert 

Romania: Filip and Company