Svevind plans to install wind and solar farms with a total capacity of 30-45 gigawatts (GW) in mainly steppe areas in western and central Kazakhstan.

In 2021, up to 8 bcm of gas will be exported to the European markets from the project's second stage, while around 9 bcm will be delivered to Turkey from both stages.

Ukrenergo owed the Guaranteed Buyer, the state-owned purchaser of renewable electricity, 15.7 billion hryvnias.

The upgrade reflects Fitch's expectations of strong progress on de-leveraging with around $200-$300 million debt repayment in 2021.

Gross domestic product (GDP) grew by 3.4 percent year-on-year in January-September backed by a 3.5 percent growth in the real sector, 2.9 percent growth in services.

The power lines will transmit the electricity generated by two wind power plants with a capacity of 500 megawatts each.