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  • AFP: War is speeding Ukraine's green energy shift
24 January 2025, Ukraine
AFP: War is speeding Ukraine's green energy shift
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AFP: War is speeding Ukraine's green energy shift

In a move driven by the necessities of war, Ukraine is accelerating its transition to renewable energy, according to Maxim Timchenko, DTEK CEO, in an interview with AFP at the World Economic Forum. The russian war has transformed green energy from an environmental choice to a critical national security strategy.

DTEK has announced a landmark €450 million euro investment in wind energy, purchasing 64 turbines from Danish company Vestas to expand the Tyligulska wind farm on the Black Sea coast. This strategic expansion aims to create 500 megawatts of capacity by 2026, potentially powering approximately 900,000 homes while enhancing Ukraine's energy resilience.

The project underscores a crucial shift in Ukraine's energy infrastructure. By developing decentralised renewable sites, the country aims to reduce vulnerability to russian attacks. Currently, wind and solar generate 10% of Ukraine's energy needs, with the goal of increasing this proportion to create a more robust and secure power system.

"Building wind farms is not only about decarbonisation. It's about energy security and resilience," Timchenko emphasised, highlighting how renewable installations are harder to completely disable compared to traditional power plants.

For the full story, access the original article.

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About DTEK

DTEK Group is the largest private investor in the energy sector of Ukraine. The Group employs 55,000 people. 

DTEK Group's companies are engaged in coal and natural gas mining; produce electricity at wind, solar and thermal power plants; trade energy resources on Ukrainian and international markets; distribute and supply electricity to consumers; provide energy-efficient services; and develops a network of high-speed charging stations. DTEK strives to become a more energy-efficient, environmentally-friendly and technological business, guided by ESG principles. Our goal is to achieve carbon neutrality and we are a member of the World Economic Forum's Partnering Against Corruption Initiative (PACI).

Since the beginning of the full-scale invasion in 2022, DTEK Group has restored power supply to almost 17 million consumers.

DTEK Group is 100% owned by SCM Holdings. The ultimate beneficiary and sole shareholder is Rinat Akhmetov, a businessman and philanthropist.

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