Chinese, Germans Bidding To Turn Abandoned Nuclear Wasteland Of Chernobyl Into Solar Farm

Tyler Durden's picture

For 30 years the 1,000 square miles surrounding the Chernobyl nuclear power plant in Ukraine, Belarus and Russia have lay largely inhabited and remains one of the most radioactively contaminated areas in the world.  But that's all about to change if a group of German and Chinese investors have their way about it.  According to Ukraine's Minister of Ecology and Natural Resources, Ostap Semerak, 39 separate entities have applied for permission to install 2 gigawatts worth solar panels on the land that would otherwise lie unutilized for centuries to come.  Per Bloomberg:

Chinese and Germans are among dozens of investors taking Ukraine up on its offer to turn the grounds of one of the world’s worst nuclear disasters into a massive solar park.

 

Thirteen international investors are among the 39 groups seeking Ukraine permission to install about 2 gigawatts of solar panels inside the radioactive exclusion zone surrounding the defunct Chernobyl nuclear plant, according to Minister of Ecology and Natural Resources Ostap Semerak. Two gigawatts is almost the capacity of two modern nuclear reactors, although atomic power unlike solar works day and night.

 

“We have received requests from businesses that are interested in renting land for building solar power stations,” Semerak said in a phone interview from Kiev. “We are not looking to profit from land use, we are looking to profit from investment.”

Chernobyl

 

Of course, the effort to attract the new investors required a modest 85% rent reduction and guaranteed rates through 2030 to subsidize the solar farms which are otherwise not cost competive.

Chinese companies GCL System Integration Technology Co Ltd. and China National Complete Engineering Corp said in November that they plan to build a 1 gigawatt solar project on the site in several stages. A German renewables developer has applied to install 500 megawatts, Semerak said, declining to name the firm. The remaining project proposals are for plants that are about 20 megawatts in size.

 

Companies “have requested between 20 hectares and 1,000 hectares for projects,” Semerak said. In a push for foreign investment, Ukraine has lowered the rent charged for state property by 85 percent, he said.

 

The country set up a feed-in-tariff system running through 2030 that offers a fixed price which is reduced annually. Projects that sign on in 2017 will receive 17 euro cents (18 U.S. cents) a kilowatt.

That said, there is one minor issue which could disrupt the otherwise genius plan, if we understand it correctly, which is that the European Bank of Reconstruction and Development has waffled on providing financing and said loans will be contingent on "environmental due diligence."  Seriously?

The lingering radiation at Chernobyl is a concern of the European Bank of Reconstruction and Development, which is considering whether to finance the solar projects. Loans will be contingent on environmental due diligence, according to spokesman Anton Usov. The projects would have to be safe to install and operate and also be commercially viable to receive funding, he said.

 

“For any project above 10 megawatts in size, you would need someone on-site almost every day,” said Pietro Radoia, solar analyst at Bloomberg New Energy Finance. “The bigger the project, the more daily small issues come up that have to be dealt with.”

After seeing some pretty ridiculous "environmental" concerns derail large M&A projects in the U.S., we would love to see the consulting report that approves this deal.

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Cognitive Dissonance's picture

Sure. Why don't you disturb that area with your construction and recontaminate half the world.

Next thing we'll hear, they'll want to start fish farming near Fukushima.

Croesus's picture

+ 1,000 Cog!

"Just when you think Government can't possibly get any dumber..."

gigadeath's picture

As a Ukrainian, I approve! Znamenyto! Its worth a shot.

Escrava Isaura's picture

This solar deal motive, for what I read, it’s to clean that environment and create jobs, Make Ukraine Great Again.  

 

 

----_-'s picture

will not work  (((ukrainins))) will first steal the electricity and the the solar panels/system (and sell it to somewere else for cheap)

 

they also will start threatening the companies "maintenance money"

 

you mest be completely nuts to invest in ukraine.

DownWithYogaPants's picture

I do not know about you all but my mouth is watering for some of that Fukishima Fricase!

xythras's picture

Looks like Putin shot down the gas pipe. 

Stainless Steel Rat's picture
Stainless Steel Rat (not verified) xythras Jan 21, 2017 1:17 AM

required a modest 85% rent reduction and guaranteed rates through 2030 to subsidize the solar farms which are otherwise not cost competive.

 

So, you just had to get in a "solar power isn't feasible" jab, calling them out for rent reduction.  This is a fucking radioactive wasteland we are talking about.  Who the fuck else is going to pay rent?

Automatic Choke's picture

at 50 deg latitude?????   stupid idea, too far north.

pure PR stunt.

 

TBT or not TBT's picture

Hang on, isn't this the perfect place to build nuclear reactors?   It's pre disastered folks.  

Squid-puppets a-go-go's picture

think about that for a moment

all it means is itll have more generating hours in summer than in winter.  obviously shit for contributing to base power - but all solar is

Jack's Raging Bile Duct's picture

My thoughts exactly. That, or it's a cover for doing something else.

actionjacksonbrownie's picture

"solar farms which are otherwise not cost competive"

 

It's a PR stunt regardless of where they are placed. But hey, it's ukraine, so let's through a few million more at the oligarchs.

GoinFawr's picture

"at 50 deg latitude?????   stupid idea, too far north."

 

Silly, the area is still so radioactive the solar panels will generate electricity regardless, even at night or on cloudy days.

fbazzrea's picture

with the entire Pacific now contaminated, glow-in-the-dark tuna allow Japanese & West Coast fish markets to operate 24/7--no lights required.

runswithscissors's picture

In the USA we have free-range chimps that do the same thing, everything has to be bolted down or it ends up at the scrap yard

----_-'s picture

bolts and tape will not help you against the long fingers of vlatsmann(poroshenko) and his people. while i have to say comparing vlatsmanns tribe to niggers is a disgrace... for the niggers

Max Hunter's picture

I think we know which bid will come in under budget.. 

Offthebeach's picture

"...guaranteed rates through 2030 to subsidize the solar farms which are otherwise not cost competive.."

So somewhere is the scam. EU citizens via bribes in Brussels will be the "guarantee ", the patseys.
So, EU/Brussels gets bribes, enviroweenies get fuzzy feel good virtue vibes, "investors get guarnteed profits ( Oy, vsts not to like!), crony contractors get profits, labor thugs good paying shuffle jobs ( imagine the union wook rules and flood of radiation disability claims) , Ukrainian thugs get to hostage the whole works, the electric grid providers stuff the increased rates down the throat of the last Christian family actually paying a bill, Green and other wimp politicians get to virtue pose, and China keeps a few people working and off the crony commi thug leaders back.

peddling-fiction's picture

"Make Ukraine Great Again"

Who believes that Escrava? Most at ZH do not.

K-Street Nuland maybe.

Are the Soros Seditious troops sullying your street now?

Solar panels are placed in the most beneficial place regarding solar radiation.

Not because of pity or a sound bite.

The best place would be close to Odessa.

More South is better in the Northen hemsiphere.

Now transmission loss is an issue, but still, then you would find a place South of Kiev.

Anybody sporting half a brain cell knows that.

Do not go full retard.

techpriest's picture

I'm guessing the only reason they're going for this deal is because the land has no use otherwise, but I agree that the site may be too far north to be economical, even with free land.

jumped_ship_and_swam's picture

Solar takes a lot of land.  The biggest current installation, Ivanpah, California, takes 16 square miles.  You won't find that much real estate in Odessa.  The exclusion zone is ideal.

Germany, with about the same latitude as Ukraine and a bit more cloud cover, uses quite a bit of solar.  Doesn't make a great deal of sense, but they are scared to death of both nuclear and fossil fuels, and have used all the good sites for wind, so what else can they do?  

peddling-fiction's picture

There is plenty of land close to Odessa but pretty much all of Ukrainian soil is being used for agriculture.

I would repurpose a 4 x 4 mile area of agricultural land close to Odessa and use it simultaneously for agriculture that benefits from some shade.

Also you lease the land paying the farmer what he used to make and some more. What's not to like about that?

Two birds killed in one go, and a new solution.

*facepalm*

Fractal Parasite's picture

Big energy deficits are coming to Ukraine.

The gas pipeline will be empty in 2019, circumvented by NordStream-2 (Baltic Sea), TurkStream (Turkey) and maybe even a resurrected South Stream (via Bulgaria).

shovelhead's picture

The Ukes won't be stealing Russian gas anymore and at 18 cents a KW on sunny days only, life is going to be sucking hard over there because we all know it will be closer to 30 /KW.

Should have made the deal with Gazprom and told Vicky to kiss your ass.

tuetenueggel's picture

Ukraine will be drowned in corruption.

Lumberjack's picture

I wonder if Longroad 7X is "indirectly" involved...

 

http://www.businesswire.com/news/home/20170117005508/en/Longroad-Energy-...

 

=====

This company was formed 8 months ago...

 

http://7x.energy/about/
T
rying to match 7x with the address they provide (link above3809 Juniper Trace Suite 100 Austin.  I find no trail to this location for them.  What's this game about...subsidies for a fictitious solar scheme?  Texas corporates list an entirely different company at this juniper trace address! http://www.texascorporates.com/corp/953216.html
 

 I can't find any project named in the 3.0 GW portfolio across North America

Lumberjack's picture

These are the same folks that were at Evergreen/UPC/IVPC and First Wind. They were sold to SUNE and just after their demise, formed Longroad. They were involved in the Trans Caspian pipeline years ago with offices internationally. Lots of shell and shelf corps plus received over $1 billion in stimulus funding. Connected to organized crime (IVPC) and Larry Summers et.al.. Projects in many conflict zones that have connections to arms and drug smuggling.

Urban Roman's picture

5 µSv/h next to the reactor

Great! The panels near the reactor will continue to work at night!

Escrava Isaura's picture

Croesus: "Just when you think Government can't possibly get any dumber..."

It’s not government, it’s private sector and investors.

 

neutrino3's picture

Wrong. Private sector as MSM news, and "Chinese" and " German" investors with free pass to their gubermental money.

CultiVader's picture

Yeah, and what about all that radioactive electricity that will be sent down the line? Right into homes and businesses. Geez, these people are stupid.

tuetenueggel's picture

OK, tehn you only need 50 % to light your home. Radiation does the rest for free.

tuetenueggel's picture

Yeah, there are lots of nice warm water without external heating so at extremely low cost.

chairman of the bored's picture

You wantabe the guy who goes there everyday? Talkin about glow in the dark....

GooseShtepping Moron's picture

Damn, this really pisses me off. We should just let the area lie fallow as a nature preserve. It would be an invaluable opportunity to study how living things react to and finally overcome such radioactive incidents, and to chart the decay of urban environments as plants and animals return. Chernobyl is a unique place, a one-of-a-kind accidental experiment that should not be disturbed. I sincerely hope this plan never materializes.

Escrava Isaura's picture

You’re asking too much from the stupid humans.

 

Giant Meteor's picture

hmmmmm, solar, radiation .. I like it when a plan comes together ..

 

just the tip's picture

fuck man, now we got fuckushima as your "accidental experiment".  before that we had hiroshima and nagasaki as "accidental experiments".  ok, maybe not accidental there.  but in a couple decades we'll make you another "accidental experiment".  happy?

techpriest's picture

Concerning "urban decay" experiments, look no farther than Detroit and Camden.

Urban Roman's picture

I understand the Ukes have already been selling off radioactive steel and machinery (against international restrictions).

SoDamnMad's picture

Kind of like what happens to the earth when a Clintonite strikes the earth and a nuclear war ignites all the matter.  

CaptainObvious's picture

The "environmental due diligence" can simply consist of watching the video feed from the Fukushima robot sent to assess the radioactivity.  If they still have any questions after that, they can go pull Blinky the three-eyed fish and his many cousins out of the waters of the Pacific off the coast of Japan.  If they have any questions after that, just airdrop the fuckers directly into the smoking crater where the spent fuel rod pool used to be.  I'm gonna pull out my Paul Joseph Watson impersonation here:  "You UTTER...FUCKING...MORON!"

Haven't these halfwits ever heard of half-life?!  Jesus.

YourAverageJoe's picture

Sure, why not? That Cesium 137 that got spewed 30 years ago has gone thru a half-life already.

Should be good to go.

/sarc (for you espirit)

Here's an interesting little article:

www.angelfire.com/extreme4/kiddofspeed/

silverer's picture

By the way, those reactors that failed and blew up in Fukushima? We have ten of those exact same reactors in the US. Designed and built by General Electric, where they bring good ideas to life.

.