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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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The green transition is profoundly transforming the global energy landscape, and DTEK is embracing this revolution.
DTEK is investing heavily in implementing innovative technologies, establishing new businesses, shaping new capacities, and enhancing the production process.
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A career at DTEK means playing an integral role in driving innovative changes and developments in Ukraine’s energy sector.
Fitch Ratings published DTEK Renewables B.V. Long-term Rating
06 July 2018, Ukraine
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Fitch Ratings published DTEK Renewables B.V. Long-term Rating
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This rating equals to the level of sovereign rating of Ukraine.
DTEK Renewables B.V. is the holding company consolidating all of DTEK’s assets in the renewable energy sector. The company’s portfolio includes operating assets as the Botievo Wind Farm (200 MW) and Tryfanovska SPP (10 MW). Another two projects are currently under construction – Nikopol SPP (200 MW) and the first stage of Primorskaya WEP (100 MW). The company expects to build up its current portfolio by five times up to a total close of 1 GW by the year 2020.
The agency notes that good ratings are underpinned by the company’s stable financial position and a supportive regulatory framework for the Ukrainian renewable energy sector. The rating is constrained by the still relatively small size of the company compared to other European utilities focused on renewables, and general risks of the operational and macroeconomic environment of Ukraine.
“The rating of DTEK Renewables B.V. assigned by Fitch Ratings confirms the economic strength and stable outlook for the company. This independent rating provides a good benchmark for our business and should send a positive signal to external credit markets,” commented Philipp Leckebusch, CEO of DTEK Renewables.
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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