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Since the company’s founding 20 years ago, DTEK has grown into a national energy leader. Today we are transforming into a pan-European clean energy business.
Our businesses generate electricity at wind, solar and thermal power plants, distribute and supply electricity to end consumers, extract natural gas and mine coal, trade energy resources on Ukrainian and foreign markets, and provide domestic and commercial energy services.
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AFP: War is speeding Ukraine's green energy shift
24 January 2025, Ukraine
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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.
DTEK Group is the largest private investor in Ukraine’s energy sector, with 55,000 employees and over €12 billion of capital invested since 2005.
Our businesses generate electricity at wind, solar and thermal power plants; distribute and supply power to end consumers; extract natural gas and coal; trade energy resources on Ukrainian and foreign markets; and provide domestic and commercial energy services.
Over the last 20 years, DTEK has grown into a national energy leader and is today transforming into a pan-European clean energy business.
Since the full-scale invasion of Ukraine in 2022, DTEK Group has restored power to millions of consumers across regions affected by hostilities.
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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