Rengy Development was established in 2009 with the purpose to invest in and develop renewable energy projects in Eastern Europe and CIS. At present the Company is operating in Ukraine, Armenia and Kazakhstan, developing a portfolio of projects concentrating primarily on solar energy. We are also researching other sources of renewable energy such as wind and biomass. The Company has a vertically business structure including greenfield development,design&engineering, financing, production, construction and O&M. The EPC and O&M is conducted by our owned subsidiary BlockMaster
"Our mission is to create comfortable living conditions and ensure sustainable growth using renewable energy of the nature."
Our management team has vast experience in engineering and finance, which, combined with our hands-on renewable energy development experience, as well as with the wide network of our industry partners worldwide, provides us with the necessary capacity and motivation to deliver high quality projects from inception to maturity.
Our portfolio of operating power plants have a combined capacity of 150 MWp in addition to the development pipeline of over 200 MW. The Company invests both its own equity, as well as closely cooperates with international financial institutions, to date having signed several deals and sourced funding from the European Bank for Reconstruction and Development (EBRD), including the Bank’s first ever project in the solar energy field, the European Investment Bank (EIB), The Black Sea and Development Bank (BSTDB), as well as the Clean Technology Fund.