Nebras Power announces solar power acquisition, partnership in Ukraine

Doha: Nebras Power announced yesterday expanding into the Ukrainian power market with the acquisition of six solar projects and a partnership agreement with UDP Renewables (UDPR) and their parent holding company UFuture.

The share purchase agreement, which was signed in Doha yesterday, will give Nebras the majority stake in the following photovoltaic assets: “Scythia-Solar-1”, “Scythia-Solar-2”, “Free-Energy Genichesk”, “Port-Solar”, “Terslav” and “Sun Power Pervomaisk”, all of which are operating commercially.  “Nebras has an ambitious global strategy, and the Ukrainian market represents an important milestone in our growth plan. Our commitment also remains focused not only on delivering clean reliable energy but also on contributing to local communities and national economies of the countries we invest in. As always, we invest not only in power, but we also invest in people and communities,” said Mohammed Nasser Al Hajri, Chairman of Nebras Power.