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Ukraine has a unique opportunity to build a new society, a new economy and a new energy system with a priority on renewables

16 October 2022, Ukraine
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Ukraine has a unique opportunity to build a new society, a new economy and a new energy system with a priority on renewables
Ukraine has a unique opportunity to build a new society, a new economy and a new energy system with a priority on renewables
Subscribe to our news linkedin

Nowadays, in the conditions of war, Ukraine has a unique opportunity to build a new, more conscious society, a new economy and energy industry, where green energy should be a priority. Ihor Retivov, senior manager of regulatory affairs of DTEK Renewables, said this during the annual European-Ukrainian Energy Day conference, organized by the European-Ukrainian Energy Agency (EUEA).

Ukraine has a unique opportunity to build a new society, a new economy and a new energy system with a priority on renewables


"Renewables is no longer a trend, but an ideology. It began at the moment when the European states realized that dependence on gas from the aggressor country cannot prevail on the European continent and something must be done about it. Currently, this ideology is becoming a state policy for many," he added.
As Ihor Retivov pointed out, before the invasion of Russia, Ukraine had about 9 GW of green capacities, a large part of which is now located in the temporarily occupied territories, but even the existing reserves of renewable energy enterprises allowed the state to earn from exporting electricity to the EU for more than three months.


At the same time, Ihor Retivov emphasized during his speech that, despite the existing artificial problems, imperfection of the legislation and the peculiarities of the young electricity market, the renewable energy sector will definitely develop in Ukraine in the future, however, how quickly it will happen and whether it will be with obstacles for investors – it depends on the actions of the state.


The agency held the 13th European-Ukrainian Energy Day in Vienna due to the risks of holding such an event in Ukraine. Other speakers on the panel were Dirk Buschle, Deputy Director of Energy Community Secretariat, Volodymyr Kudrytskyi, Chairman of the Board of NPC “Ukrenergo”, Yuri Kubrushko, EUEA Board Member, Oleg Dobrovolsky, Regional Director of I-REC, and Loic Lerminiaux, Country Representative of Guris.

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.