Ukraine’s largest private energy company, DTEK, announced its plan to invest in expanding its Tyligulska Wind Power Plant. The company intends to invest 450 million Euros ($468.59 million) to boost the plant’s capacity. The expansion plan was plan was unveiled at he World Economic Forum Annual Meeting 2025 by Ukraine’s Minister of Economy, Yulia Svyrydenko.
The expansion will increase the plant’s capacity from 114 to 500 megawatts. Once completed, it is expected to produce 1.7 TWh of power per year. This amount of energy could power nearly 900,000 Ukrainian households. The project will be one of Ukraine’s largest wind farms when fully operational.
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Financing the Expansion
Of the total investment, 370 million euros will be financed through bank loans backed by the Danish Export and Investment Fund (EIFO). DTEK will contribute the remaining funds for the project. This represents the country’s largest single private sector direct investment since its invasion by full-scale Russia-based forces in February 2022. It marks the largest in private investment towards the country’s energy sector until date.
Supporting Ukraine’s Renewable Energy Transition
The expansion is a strategic move and contributes to the energy security of the nation. The company’s thermal power plants which have benefited from a major source of energy were damaged badly during Russian bombings. For instance, last year 90% of DTEK’s thermal generation capacity was lost. As a result, the nation has been transitioning towards wind power. This move comes with the intention of diversifying energy sources and cut down the reliance on fossil fuels.
Completion of the Tyligulska Wind Power Plant expansion is expected by the end of 2026. The project will help boost Ukraine’s renewable energy capacity and contribute to the national grid. DTEK’s commitment to renewable energy comes at a critical time. It is an effort to ensure energy security in the face of ongoing conflict.