“Positive news from war-torn Ukraine is rare. Now, however, the energy company DTEK has announced a major investment that gives hope: the Tyligulska wind farm is to be expanded within two years for around €450 million.” German news outlet Frankfurter Allgemeine Zeitung (FAZ) reports on DTEK’s news, announced at Davos, that it is ...
Read more...l 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 resilien...
Read moreLargest private-sector investment in Ukraine since russia's full-scale invasion World's first windfarm built during war expanding from 114 MW to 500 MW Tyligulska will be Eastern Europe's largest windfarm built in a decade DTEK raising €370 million in loans, backed by Denmark's export credit agency Windfarm will generate 1.7 TWh annually &nd...
Read moreThe world’s only wind farm being built in a major conflict zone has officially opened, DTEK, Ukraine’s largest private energy company, said on Monday. Phase I of the Tyligulska Wind Power Plant (WPP), which lies just 60 miles (100 km) from the frontline in the Southern region of Mykolaiv is already generating green power. The plant’s 19 turbines have an installed capa...
Read more...illion (€469 million) in grid modernisation and network repairs, and UAH 16 billion (€392 million) in gas production. During the war, DTEK commissioned 114 MW of new wind capacity at the Tyligulska wind farm in southern Ukraine and is currently building an additional 384 MW, bringing total investment in the project to €650 million. The company has also launched a 200 MW energy storage syst...
Read more...ring attacks. That transformation is only possible through partnership. Support from governments, international financial institutions, investors and businesses has helped unlock projects like our Tyligulska Wind Power Plant and the Resilient Independent Solar Energy (RISE) programme. Next week in Davos, DTEK will take these lessons to the global stage. The CEO will speak at Forum session, host a high...
Read more...tem is one of Europe’s largest investment opportunities. But none of it happens without bold partnerships and innovative ways to share risk. We shared real examples on the ground. One is the Tyligulska Wind Power Plant, where Denmark’s export credit agency, EIFO, provided guarantees that enabled Danske Bank to offer debt financing and brought Danish turbine supplier Vestas into the project. ...
Read more...em, DTEK CSO Jeff Oatham showcased how ambition can be turned into bankable projects even in one of the most high-risk environments in the world. He highlighted DTEK’s flagship projects: - Tyligulska wind farm – built in wartime through international partnership and financing support from EIFO and the government of Denmark. - RISE with Octopus Energy – a new platform to u...
Read moreDenmark's Minister of Business, Industry and Financial Affairs Morten Bødskov and a delegation from the country have visited DTEK’s Tyligulska Wind Power Plant in Mykolaiv region to witness the construction of Ukraine’s largest windfarm, which is using turbines from Danish manufacturer Vestas. Alongside Minister Bødskov, the...
Read more...ssian Iskander missile can destroy a coal-fired power plant… russia would need at least 50 missiles to destroy the same capacity spread over a wind farm,” Timchenko noted. DTEK's Tyligulska wind farm is a proof of this vision. Built during the war less than 100 km from the front line, its first phase was completed in early 2023, with expansion to 500 MW by 2026. New project in Poltava a...
Read more...pe’s energy future: insights from DTEK CEO Maxim Timchenko. In his latest LinkedIn blog, CEO Maxim Timchenko reflects on a significant achievement: the first nacelle for phase two of the Tyligulska Wind Power Plant was completed in Denmark. This milestone not only highlights Ukraine's resilience in the face of adversity but also underscores the country's pivotal role in enhancing European energ...
Read more...nounces major investments to Ukrainian energy sector During this year’s Annual Meeting, DTEK held a Media Briefing on 22nd January, announcing €450 million investment to expand the Tyligulska Wind Power Plant in the South of Ukraine in partnership with Vestas, the world’s leading wind turbine manufacturer. DTEK CEO Maxim Timchenko on his LinkedIn : "We deepened our part...
Read moreDTEK’s plans to quadruple the size of its Tyligulska wind farm in Ukraine has featured in POLITICO’s Global Playbook newsletter. Announced at the annual meeting of the World Economic Forum at Davos, the project involves an investment of €45...
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