Ocean Sun signs MoU with Zhytomyr City to assess a future 25 MWp floating solar project supporting Ukraine’s energy recovery

Kyiv, July 31, 2025 – As part of our effort to strengthen bilateral cooperation and support Ukraine’s green recovery, NUCC hosted the signing of a Memorandum of Understanding between Ocean Sun AS (Norway), the Zhytomyr City Territorial Community, and HICC Heavy Industry Construction Co. (Turkey) at the Norwegian-Ukrainian Business Hub in Kyiv.

This agreement marks the beginning of a multi-phase process and launches a strategic collaboration to assess the feasibility of deploying a floating solar power (FPV) plant in Zhytomyr.

In the first phase, the parties will focus on environmental and technical assessments, stakeholder engagement, and permitting procedures.

Subject to the outcomes of these studies and successful financing, the parties aim to develop a 25 MWp floating solar plant that would supply clean electricity directly into Zhytomyr’s municipal grid — reducing transmission losses and enhancing local energy resilience.

‍“Ocean Sun is proud to contribute to the rebuilding of Ukraine’s energy infrastructure. Through our patented floating solar solution, we aim to support a sustainable and forward-looking energy transition. This MoU marks the beginning of a collaborative journey, and we look forward to working closely with our Ukrainian partners to assess the potential for a future installation,” said Kristian Tørvold, CEO of Ocean Sun AS.

“We are grateful to Ocean Sun, HICC Heavy Industry Construction Co, and our international partners for their trust and shared vision of the future of Zhytomyr and Ukraine as a city and a country with a strong green economy. The signing of this Memorandum confirms Zhytomyr's openness to technological innovation and constructive dialogue with leading players in the renewable energy market. We have a lot of analytical and technical work ahead of us, and we are ready for it. I am convinced that this cooperation will bring mutually beneficial results.” said Galina Shymanska, secretary of the Zhytomyr City Council.

“HICC has been established in Ukraine for more than 7 years providing construction services to various wind and solar power projects. We find the opportunity to work with Ocean Sun’s patented technology and the Zhytomyr City very exciting. It is time to rebuild Ukraine both faster and to the better”, said Ergün Seçmeer, CEO of HICC.

About Ocean Sun

Ocean Sun combines Norwegian maritime expertise with photovoltaic technology to deliver a patented floating solar system based on solar panels mounted on hydro-elastic membranes. With operations in Oslo, Singapore, and Shanghai, the company is committed to becoming a global leader in floating solar innovation.

NUCC is proud to have facilitated this important step toward energy innovation and international collaboration. Through our Business Hub in Kyiv, we continue to create opportunities that contribute directly to Ukraine’s recovery, sustainability, and long-term economic resilience.