07/30/2019

GE’s Fourth Wind Farm Project in Ukraine Secures Financing

Phase One of the 98 MW Zaporizhia onshore project is expected to produce over 330,000 MW hours of clean energy per year and power approximately 170,000 households.

Official Press Release GE Renewable Energy:

GE and LongWing Unlock Financing and Technology for First Phase of Zaporizhia Onshore Wind Farm in Ukraine

Wind Industry Profile of

GE Capital’s Energy Financial Services connects financing to GE’s fourth wind farm project in Ukraine / Sponsor, LongWing Energy, and co-investor, VLC Renewables, secure project financing for the first 98 MWs of its Zaporizhia wind farm project in Ukraine

GE and LongWing Energy S.C.A. (“LongWing”) reached financial close on a $150MM debt financing package for the first phase of the Zaporizhia Wind Farm, in the Zaporizhia region in southeast Ukraine. The phase one 98-megawatt (“MW”) project is expected to produce over 330,000 MW hours of clean energy per year and power approximately 170,000 households. The transaction marks GE’s fourth wind farm project in Ukraine to be financed and equipped with GE wind turbine technology. Financing will... ... More: Official Press Release GE Renewable Energy