DTEK Will Build $1.4-Billion, 650-MW Wind Farm in Ukraine

2 months ago 40

Darrell Proctor

Wed, April 22, 2026 astatine 7:51 AM CDT 3 min read

The largest backstage vigor institution successful Ukraine said it volition put €1.2 cardinal ($1.4 billion) for operation of the 650-MW Poltavska upwind workplace successful that country. DTEK, which won a POWER Top Plant grant successful 2023 for its Tyligulska Wind Power Plant, said subsidiary DTEK Renewables volition instal arsenic galore arsenic 100 upwind turbines for the project, which is sited successful Poltova successful cardinal Ukraine. DTEK connected April 22 said the upwind workplace volition beryllium 1 of the largest specified onshore installations successful Europe. The institution connected Wednesday said the concern "reflects DTEK’s broader relation arsenic the starring backstage capitalist successful Ukraine." Business work NV precocious named DTEK arsenic Ukraine’s largest backstage capitalist since the state was invaded by Russia successful February 2022. NV said DTEK has accounted for 22% of each investments made by the country's largest companies crossed what is present a much than four-year-long war. DTEK calls Poltavska a "flagship task [that] volition marque a large publication to strengthening vigor information by replacing procreation capableness damaged oregon destroyed during Russian attacks, portion accelerating Ukraine’s modulation to a cleaner, much decentralized powerfulness system." The institution successful a property merchandise wrote that "despite much than 220 Russian attacks connected the company’s thermal powerfulness plants and important harm to powerfulness grid infrastructure, DTEK has invested UAH 101.7 cardinal [€2.4 billion*] successful Ukraine’s system since 2022. This represents astir 22% of the full UAH 454.7 cardinal [€9.7 billion] invested by much than 150 backstage companies included successful the ranking." (*Editor's note: Euro-UAH rates are based connected the complaint astatine the clip of investment.) DTEK’s yearly concern successful 2025 astir doubled to UAH 45.4 cardinal (€964 million, oregon $1.1 billion), compared with UAH 23 cardinal (€530 million, oregon $621.4 billion) successful 2024, reflecting the further enlargement of the company’s activities during the ongoing war. “Even successful the look of changeless attacks, we are restoring capacity, scaling renewable generation, and modernizing grids, due to the fact that a resilient vigor strategy is the instauration of Ukraine’s endurance and aboriginal prosperity,” said DTEK CEO Maxim Timchenko. “With the afloat enactment of our shareholder, Rinat Akhmetov, we proceed to put during wartime, sending a wide signal: Ukraine remains charismatic for concern today, and planetary partners person a existent accidental to assistance physique a modern, European vigor system.” DTEK said that betwixt 2022 and 2025, the institution directed concern toward supporting ember and state production, processing decentralized generation, restoring procreation facilities damaged by attacks, and modernizing powerfulness grids. In total, UAH 35 cardinal (€834 million, oregon $978 million) was invested successful restoring thermal procreation and supporting ember mining, UAH 28 cardinal (€630 million, oregon $738.8 million) successful renewable energy, UAH 19.7 cardinal (€469 million,, oregon $600 million) successful grid modernization and web repairs, and UAH 16 cardinal (€392 million,, oregon $459.7 million) successful state production. DTEK during the warfare has commissioned 114 MW of caller upwind capableness astatine the aforementioned Tyligulska upwind workplace successful confederate Ukraine, and is presently gathering an further 384 MW, bringing full concern successful the Tyligulska task to €650 cardinal ($762.2 million). The institution has besides launched a 200-MW vigor retention system, the country's largest, and continues to program further renewable vigor projects. —Darrell Proctor is simply a elder exertion for POWER.

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