We develop, own and operate large-scale renewable energy projects with a focus on sustainability, low environmental impact and community engagement.

Our Story

Since our establishment in 2018, our focus has been on developing solar plants in Ukraine with approximately 540 MW in current operation.

We have recently expanded into wind power and are actively pursuing other renewable projects across the CEEMEA region.

 

OUR MISSION STATEMENT

To provide reliable clean energy via sustainable and renewable sources.

 

OUR CORE BELIEFS

  • Clean, renewable energy is poised to become the world’s primary source of electricity.
  • Renewable energy combined with widespread electrification will be the main path to de-carbonization.
  • Helping to deliver this future is both a business and social mission for us.

 

OUR CORPORATE VISION

LEAD

We aim to lead in the transition to a sustainable energy future. Our highly-skilled and motivated workforce pushes boundaries to solve complex renewable energy challenges.

DELIVER

The energy chain is built on reliability.  We deliver on our commitments to provide clean, reliable power. Our corporate culture is built on transparency and accountability. We work with partner governments, contractors and customers in a collaborative and constructive manner.

INNOVATE

Technological change is driving rapid efficiency gains in clean energy production. Our engineering and development teams operate on the basis of continuous improvement and early adoption of emerging trends in equipment, design and operation for and of renewable energy facilities.

EXECUTE

Our team of managers, engineers and technicians have demonstrated a clear ability to consistently execute on complex renewable energy installations efficiently and expeditiously. In addition to commissioning 28 solar plants over two years, we are on target to commission our first wind project, the 40 MW Dnistrovsky Wind Power Plant, in Q1-2021. Further development projects are moving through our assessment process towards final investment decision.

 

OUR SHAREHOLDER

VR Global Partners, L.P., our founder and shareholder, is a highly-regarded and established London and New York-based institutional investor in global markets for over 20 years. VR brings solid financial capacity and analytical know-how to support our capital deployment. With its reputation for integrity and financial strength, we believe that VR’s backing provides us with a key competitive advantage.

OUR BOARD OF DIRECTORS

Richard Deitz

Richard is the Founder and President of VR Capital Group. He is based in London and leads the investment activities of the firm. A seasoned investor with deep experience in emerging markets, Richard previously was a co-founder and Partner at Moscow-based emerging markets investment bank, Renaissance Capital, where he served as Head of Fixed Income Trading. Previously, he was a Managing Director at Credit Suisse in New York and subsequently in Moscow. He graduated from Yale University, magna cum laude, in June 1987, with dual B.A. degrees in history and economics. He is father to three boys and passionate about introducing them to the outdoors and an active lifestyle.

Sergey Makhin

Sergey is a Senior Portfolio Manager at VR Capital Group which he joined in July 2014. He is based in London. He has helped lead credit investments in the former Soviet Union as well as VR’s renewable energy investments. He joined VR from Citigroup, where he worked from 2004 in Moscow, New York and London and held various positions including as a senior loan restructuring transactor and Emerging Markets credit strategist. He earned a degree in finance from the St. Petersburg University of Economics and Finance in 2003. He also earned an M.B.A. from the London Business School in 2015.

Emile du Toit

Emile is the Chief Financial Officer of VR Capital Group which he joined in June 2007. He is based in London and leads VR’s accounting, finance and audit functions. Prior to being named CFO in January 2014, he served as Finance Manager. He was a VR account manager at Admiral Administration in the Cayman Islands. He also worked in South Africa at Nedbank (2003-2005) as a Group Financial Accountant and PriceWaterhouseCoopers in the audit group (1998-2002). He earned a Bachelor of Commerce (Honors) in accounting from the University of South Africa in 2005 and qualified as a CPA (SA) in 2006.