{"id":20600,"date":"2017-11-27T22:23:16","date_gmt":"2017-11-27T22:23:16","guid":{"rendered":"http:\/\/www.bnreport.com\/radioactive-land-around-chernobyl-to-sprout-solar-investments\/"},"modified":"2017-11-27T22:23:16","modified_gmt":"2017-11-27T22:23:16","slug":"radioactive-land-around-chernobyl-to-sprout-solar-investments","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/radioactive-land-around-chernobyl-to-sprout-solar-investments\/","title":{"rendered":"Radioactive land around Chernobyl to sprout solar investments"},"content":{"rendered":"
Enlarge<\/a>\/ CHORNOBYL', UKRAINE \u2013 AUGUST 19: In this aerial view electricity pylons stand near the new enclosure built over reactor number four at the Chernobyl nuclear power plant on August 19, 2017 near Chornobyl', Ukraine. (Photo by Sean Gallup\/Getty Images)Getty Images<\/figcaption><\/figure>\n

A mere 100m (328 feet) from the damaged reactor at Chernobyl in Ukraine, a one-megawatt, $1.2 million solar panel installation will likely be commissioned next month, according to Bloomberg<\/em><\/a>. Back in summer 2016, the Ukrainian government said it was eager to get solar projects on the 1,000 square miles of radioactive land, and Ukrainian engineering firm Rodina Energy Group appears set to be an early arrival on the scene.<\/p>\n

A solar installation makes sense in the shadow of the nuclear energy plant whose a reactor exploded in 1986. The land is too radioactive for farming or hunting or forestry, and transmission lines that were intended to send electricity from the Chernobyl nuclear power plant to the rest of Ukraine are already in place. Rodina and its partner Enerparc AG, a German financing company, plan to spend up to \u20ac100 million (or $119 million) to build renewable energy in Chernobyl\u2019s exclusion zone.<\/p>\n

Rodina isn\u2019t the only company looking to take up the Ukrainian government\u2019s offer of cheap land. A year ago, two Chinese companies announced a plan to build a huge 1 GW solar farm<\/a> in Chernobyl's exclusion zone, although the companies seem to have made little movement on that plan thus far. In July of this year, French energy company Energie SA also announced plans to conduct a pre-feasibility study for a billion-euro solar plant near Chernobyl<\/a>. Ukraine\u2019s Minister of Ecology told Bloomberg<\/em> at the time that more than 60 companies had expressed interest in building renewable energy in the vicinity of Chernobyl.<\/p>\n

Besides cheap land, Ukraine is also attracting investors by offering \u201crelatively high feed-in tariffs,\u201d according to Bloomberg New Energy Finance. Rodina\u2019s contract specifies that it will receive \u20ac0.15 (or $0.18) per kilowatt-hour until 2030, which is \u201calmost 40 percent higher than the upper band of Bloomberg New Energy Finance\u2019s benchmark range for the levelized cost of solar in Europe.\u201d<\/p>\n

Of course, safe construction and operation is still a factor in the exclusion zone. The recent completion of the New Safe Confinement (NSC), a massive, high-tech shelter built to protect the hastily-entombed remains of Chernobyl\u2019s reactor 4, may offer some assurance to investors that the radioactivity of the environment will be stable for the foreseeable future. The \u20ac1.5 billion ($1.58 billion) NSC, built by the European Bank for Reconstruction and Development, is intended to prevent any spontaneous radioactive release from reactor 4 for the next 100 years.<\/p>\n

<\/a><\/strong> <\/a><\/p>\n

Original Article<\/a><\/p>\n

[contf] [contfnew] <\/p>\n

Ars Technica<\/a><\/h5>\n

[contfnewc] [contfnewc]<\/p>\n","protected":false},"excerpt":{"rendered":"

Enlarge\/ CHORNOBYL', UKRAINE \u2013 AUGUST 19: In this aeria..<\/p>\n","protected":false},"author":1,"featured_media":20601,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[50],"tags":[],"class_list":["post-20600","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tech"],"yoast_head":"\nRadioactive land around Chernobyl to sprout solar investments - Business News Report<\/title>\n<meta name=\"description\" content=\"Enlarge\/ CHORNOBYL', UKRAINE \u2013 AUGUST 19: In this aeria..\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bnreport.com\/en\/radioactive-land-around-chernobyl-to-sprout-solar-investments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Radioactive land around Chernobyl to sprout solar investments - 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