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Eterna Law Advises Modus Group on Third Investment in Ukrainian Renewable Energy

Eterna Law Advises Modus Group on Its Third Investment in Ukrainian Renewable Energy

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Eterna Law has advised Lithuania's Modus Group on its third investment in Ukrainian renewable energy sources involving a 13 megwatt renewable energy sources project in West Ukraine.

According to Eterna Law, the new project involves the construction of a photovoltaic power plant in the Ivano-Frankivsk region of Ukraine. Eterna Law reports that construction, which is financed by both debt and equity, will commence sometime this month. Once complete, the project is expected to generate over 20 gigawatts-hour of green energy annually, which the firm describes as “a significant step towards the increase of the share of RES in Ukraine [that was] announced and supported by Ukrainian government."  

Last year Eterna Law advised the Modus Group on its investment in the construction of a solar station in the Zhytomyr region of Ukraine with a capacity of 35 megawatts (as reported by CEE Legal Matters on September 4, 2018).  

The Eterna team was led by Partner Maksym Uslystyi and included Associate Michael Lytvyn and Junior Associate Vladyslav Zastup. 

Ukraine Knowledge Partner

AVELLUM is a leading Ukrainian full service law firm with a key focus on Finance, Corporate, Dispute Resolution, Tax, and Antitrust.

Our aim is to be the firm of choice for large businesses and financial institutions in respect of their most important and challenging transactions.

We build lasting relationships with our clients and make them feel secure in new uncertain economic and legal realities.

We incorporate the most advanced Western legal techniques and practices into our work. By adding our first-hand knowledge, broad industry experience, and unparalleled level of service we deliver the best results to our clients in their business endeavours. Our partners are taking an active role in every transaction and ensure smooth teamwork.

AVELLUM is recognised as one of the leading law firms in Ukraine by various international and Ukrainian legal editions (Chambers, The Legal500, IFLR1000, The Ukrainian Law Firms, and others).

Firm's website: www.avellum.com

 

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