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Avellum and Asters Advise on 60 MW Solar Power Plant Project in Ukraine

Avellum and Asters Advise on 60 MW Solar Power Plant Project in Ukraine

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Avellum has advised Investment Capital Ukraine on the establishment of a joint venture with the VR Capital Group to develop a 63.8 MW solar power plant in the Khmelnytskyi region of VR Capital Group was advised by Asters.

As a result of the agreement, VR Capital purchased 50% of Matlomenius Holdings Ltd (Cyprus) from Investment Capital Ukraine.

Matlomenius Holdings Ltd is the owner of PodilskEnergo, which is building a 60 MW solar power plant near Kamianets-Podilskyi (in the Khmelnytskyi region of Ukraine). The power plant is scheduled to be commissioned by the end of 2018.

Investment Capital Ukraine is an independent asset management, private equity, and investment advisory firm specializing in the emerging markets of Central and Eastern Europe.

VR Capital Group is an alternative asset manager focused on distressed securities and event-driven/special situations investments with a strong historical orientation towards emerging markets. VR Capital Group operates offices in London, New York, and Moscow, and it has a presence in Buenos Aires

The Avellum team was led by partner Yuriy Nechayev, with support from Associates Dmytro Symbiryov and Olga Tersina.

The Aseters team included Partner Yaroslav Petrov, Counsel Tetiana Vovk, Senior Associates Marta Halabala, Roman Drobotskiy, and Oleh Furmanchuk, and Associates Diana Kondratieva, Olena Nikolenko, Olena Sichkovska, and Pavlo Verbolyuk.

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