On January 23rd, DTEK Group has announced a significant step in its ambition to become an important provider of clean energy to Europe by achieving 'first power' at its debut projects outside Ukraine.
The two Romanian projects – one wind and one solar – are the first in an EU portfolio that will span Italy, Poland, Romania and Croatia and are being developed by DTEK’s wholly-owned subsidiary DTEK Renewables International (DRI), based in the Netherlands.
The two projects in Romania are the first in DRI’s plans to reach 5GW of installed capacity within the EU by 2030. Together they involved a total investment of EUR 150 mln.
As a member of the World Economic Forum, DTEK participated in WEF’S Annual Meetings, and was covered by international media including Associated Press and CNBC.
- DTEK's main focus was in supporting President Zelenskyy's call for investment in Ukraine and to discuss ready-to-implement projects with governments and business representatives. DTEK believes that a restart of the Ukrainian economy is necessary not only by donors' injections into the budget, but by investing in large-scale projects that can create new jobs and generate budget revenues.
- During Davos, DTEK hosted a side event titled "Revitalizing Ukraine: The role of business." The purpose of the event was to discuss the important role of businesses in reconstructing and rebuilding Ukraine in a sustainable and environmentally friendly manner. Attendees included senior politicians, ambassadors, energy experts, and business leaders. Through the discussion, a 12-point manifesto was created, calling for swift action from a wide range of stakeholders to drive inward investment and so help finance Ukraine's recovery.
Read our investment manifesto for the Ukrainian economy here:
- DTEK CEO Maxim Timchenko also participated in a session on WEF’s main-stage addressing the question: "European Green Deal, Anyone?". Alongside Greek Prime Minister Mitsotakis and the EU’s Mario Stefcovic, Mr. Timchenko emphasized that the goals of the Green Deal would be central to Ukraine's economic recovery. He also highlighted that DTEK is currently aligning its strategic plans to the principles set down in the European Green Deal.
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Britain’s Telegraph newspaper reported on Sunday that Octopus Energy – the UK’s largest energy provider – had held exploratory talks with DTEK about how the two businesses can work together, after the companies’ two CEOs met at the World Economic Forum in Davos earlier this month.
It quoted Octopus CEO Greg Jackson as saying that much could be learnt from the agility and speed at which Ukraine and DTEK had both upgraded and build new electricity infrastructure “We can learn a lot from them, for example about how they’ve been able to so quickly and so impressively do work – often under fire – that in the UK often takes five to 15 years.” it quoted Jackson as saying.
‘Mr Timchenko said: “We want to learn from this company [Octopus] and we want to bring this innovation to Ukraine.”’
