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POLITICO spotlights DTEK CEO Maxim Timchenko's vision for Ukraine's renewable energy future

11 December 2023, Ukraine
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POLITICO spotlights DTEK CEO Maxim Timchenko's vision for Ukraine's renewable energy future
POLITICO spotlights DTEK CEO Maxim Timchenko's vision for Ukraine's renewable energy future
Subscribe to our news linkedin

DTEK Group and Danish wind manufacturer Vestas have joined forces for the second phase of constructing the nation's largest wind farm. The announcement, made at the Ukrainian Pavilion in Dubai on Monday, marks a crucial step towards the completion of a project situated a mere 100 kilometers from the frontline.
 
DTEK CEO Maxim Timchenko, quoted by POLITICO, expressed the profound significance of the project.

"This sends a signal to the world that you can build renewable projects, you can attract investments to Ukraine," remarked Timchenko.

He added that the overarching goal is for Ukraine to "become a green energy hub for Europe," envisioning Ukraine as the largest non-EU country supplying green energy to the European Union.
Amidst uncertainties, this collaboration stands as a testament to the resilience and determination of both DTEK and Vestas in advancing sustainable energy solutions on the global stage.

Read the full story here.

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.