What UDP Renewables does

UDP Renewables is a Ukrainian renewable energy developer and Independent Power Producer (IPP), founded around 2015 and headquartered in Kyiv. The company develops and operates Solar PV, Wind, Hybrid (Wind + Solar + BESS), and Green Hydrogen (Power-to-X) power generation facilities across Ukraine, with a total pipeline of 1,582 MW comprising 150+ MW of operational solar assets, a 631 MW wind development pipeline, 140 MW of hybrid projects, and the flagship 500 MW GreenWest PtX green hydrogen cluster in western Ukraine.

The company's product portfolio spans utility-scale and rooftop solar installations, wind power plants, hybrid generation assets combining wind, solar, and battery storage, and the GreenWest PtX Power-to-X cluster producing renewable hydrogen, ammonia, and e-methanol for European markets. Engineering and construction services cover the full technical cycle from feasibility studies through EPC contract oversight and commissioning, with standards aligned to IFC Performance Standards and international lender requirements. Operations and Maintenance services are provided in-house with 24/7 monitoring capability.

Revenue is generated through four streams: (1) long-term electricity sales as an IPP holding assets over their operational lifetime, (2) co-investment equity returns and development fees from international partners where UDP Renewables acts as minority shareholder and local partner, (3) EPC contract oversight and engineering services, and (4) recurring O&M services. The company serves international institutional investors, European energy institutions and utilities (including named partners Wien Energie, ACCIONA, and Nebras Power), and industrial and commercial clients in Ukraine. Go-to-market is enterprise field sales targeting capital providers, development finance institutions, and energy off-takers through direct engagement and participation in major industry conferences.

Name

UDP Renewables

Legal name

UDP Renewables

Website

https://udpr.com.ua

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Renewable Energy Development and Independent Power Production

NAICS

Solar Electric Power Generation (221114)

SIC

Electric Services (4911)

akta.pro primary industry

Solar Project Development & IPP (Utility-Scale & Rooftop) (EUAMABAA)

akta.pro secondary industries

Project Finance & Capital Structuring (Debt/Tax Equity/Project Bonds) (EUAMAAAD), Greenfield Site Origination & Land Acquisition (Leases, Easements, Title) (EUAMAAAA)

Keywords

• Renewable energy development
• Independent power production
• Green hydrogen production
• Utility-scale solar projects
• Wind power development

Headquarters

HQ city

Kyiv

HQ country

Ukraine

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Supply Chain, Marketing or Sales, Technology or R&D

Revenue model

1. Independent Power Producer (IPP) Operations: UDPR holds, operates and monetises generation assets over their full operational lifetime. Revenue generated from electricity sales to the grid or industrial offtakers.
2. Co-investment and Development Fees: UDPR co-invests as minority shareholder taking on local development, permitting and regulatory risk, generating returns through project equity and development fees from international partners.
3. EPC Contract Oversight and Engineering Services: Full technical cycle management from feasibility studies and permitting documentation to EPC contract oversight and commissioning.
4. Operations & Maintenance Services: O&M services for operating solar portfolio ensuring consistent technical performance and reliability throughout asset lifecycle.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

UDP Renewables is a Ukrainian renewable energy developer and Independent Power Producer (IPP) that develops, co-invests in, and operates utility-scale solar, wind, hybrid (wind+solar+BESS), and green hydrogen (Power-to-X) power plants across Ukraine. The company provides full-cycle project delivery — from land acquisition, permitting and engineering through EPC oversight and long-term operations & maintenance — and structures bankable projects for co-investment with international institutional investors and European energy off-takers.

Product overview

UDP Renewables is a Ukrainian renewable energy developer and Independent Power Producer (IPP) offering a portfolio of distinct energy products: utility-scale and rooftop Solar installations (150+ MW operational), Wind power plants (631 MW pipeline), GreenWest PtX green hydrogen production (500 MW), and Hybrid power solutions (140 MW combining wind, solar and battery storage). The company also provides full-cycle Engineering and Construction services, Operations & Maintenance (O&M), and structured co-investment opportunities. Projects are designed to be bankable and structured for international partnerships with institutional investors.

Differentiator

Problem solved

Functional benefit

Brands

• GreenWest PtX: A flagship 500 MW Power-to-X cluster in western Ukraine, 1 km from the EU border, producing renewable hydrogen, ammonia and e-methanol for European markets. Developed in partnership with Hydrogen Partners and incorporated in the Netherlands.

Products and services

• Solar Energy Utility-scale and rooftop solar PV installations in Ukraine with 150+ MW of operating assets and a track record of 13 completed projects delivered from land acquisition through commissioning and long-term O&M.
• Wind Energy Wind power plant development forming one of the largest independent wind pipelines in Ukraine at 631 MW across western and central regions, at various stages of development with 72 MW currently under construction.
• GreenWest PtX (Green Hydrogen) A 500 MW Power-to-X cluster in western Ukraine located 1 km from the EU border, producing renewable hydrogen, ammonia and e-methanol for European markets; supported by the Clean Hydrogen Partnership, validated by Roland Berger, and projected to produce 50,000 tonnes/year of hydrogen at full buildout.
• Hybrid Power Plants

Quantifiable outcome

• 1 582 MW total pipeline capacity across Solar, Wind, and Hydrogen
• +4 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

30 partnerships are on record, tiered flagship, core, major and supporting.

• Hydrogen PartnersflagshipStrategic or Co-development PartnerJoint venture partner for GreenWest PtX Power-to-X project. Hydrogen Partners co-founded with UDP Renewables to develop the 500 MW green hydrogen cluster in western Ukraine. Project incorporated in the Netherlands. Rafael Loehrer serves as Co-Founder of Hydrogen Partners.
• Clean Hydrogen PartnershipcoreStrategic or Co-development PartnerEU-backed partnership supporting GreenWest PtX through the Hydrogen Valleys Facility PDA programme. Project officially joined the Hydrogen Valley Platform established by Clean Hydrogen Partnership and Mission Innovation.
• European CommissioncoreStrategic or Co-development PartnerInstitutional supporter of UDP Renewables' renewable energy development initiatives and Ukraine recovery efforts.
• Roland BergercoreStrategic or Co-development PartnerStrategic consultancy partner that validated the GreenWest PtX project, providing strategic recommendations and business plan refinement through the PDA programme.
• ACCIONAmajorStrategic or Co-development PartnerGlobal sustainable infrastructure and renewable energy company listed as strategic partner in UDP Renewables' ecosystem.
• Wien EnergiemajorStrategic or Co-development PartnerAustrian energy company and strategic partner interested in renewable hydrogen and energy investments in Ukraine.
• McKinsey & CompanysupportingStrategic or Co-development PartnerGlobal management consulting firm supporting UDP Renewables' strategic development and market positioning.
• DNVsupportingImplementation/ SI/ Consulting PartnerIndependent engineering and consultancy firm providing technical advisory and certification services for renewable energy projects.
• VestascoreTechnology or IntegrationGlobal wind turbine manufacturer supplying equipment for wind power projects.
• NordexcoreTechnology or IntegrationWind turbine manufacturer providing equipment for wind development pipeline projects.
• HuaweisupportingTechnology or IntegrationTechnology partner providing solar inverter and energy storage solutions.
• JA SolarsupportingTechnology or IntegrationSolar panel manufacturer supplying photovoltaic modules for solar projects.
• Jinko SolarsupportingTechnology or IntegrationSolar panel manufacturer providing photovoltaic modules for installations.
• SMA Solar TechnologysupportingTechnology or IntegrationSolar inverter manufacturer providing equipment for solar installations.
• QcellssupportingTechnology or IntegrationSolar panel manufacturer supplying photovoltaic modules.
• KnesssupportingTechnology or IntegrationUkrainian renewable energy equipment manufacturer providing wind and solar solutions.
• DentonssupportingImplementation/ SI/ Consulting PartnerGlobal law firm providing legal advisory services for project structuring and transactions.
• DeloittesupportingImplementation/ SI/ Consulting PartnerProfessional services firm providing advisory, audit and consulting services.
• Baker TillysupportingImplementation/ SI/ Consulting PartnerAccounting and advisory firm providing financial consulting services.
• Asters LawsupportingImplementation/ SI/ Consulting PartnerUkrainian law firm providing local legal advisory services.
• EverlegalsupportingImplementation/ SI/ Consulting PartnerUkrainian law firm providing legal services for projects.
• European Clean Hydrogen AlliancecoreStrategic or Co-development PartnerEU hydrogen industry alliance supporting the development of the European hydrogen economy. GreenWest PtX participates through Hydrogen Valley Platform.
• Hydrogen.uasupportingStrategic or Co-development PartnerUkrainian hydrogen industry association supporting national hydrogen development initiatives.
• UARE (Ukrainian Association of Renewable Energy)supportingStrategic or Co-development PartnerNational renewable energy association representing industry interests in Ukraine.
• Tractebel EngiesupportingImplementation/ SI/ Consulting PartnerEngineering consultancy providing technical advisory for energy projects.
• MCL (M Construction Group)supportingTechnology or IntegrationUkrainian construction company serving as general contractor for projects.
• MetropoliyasupportingTechnology or IntegrationConstruction and engineering firm serving as general contractor and designer.
• ARX InsurancesupportingOthersUkrainian insurance company providing coverage for projects.
• GIZ (Deutsche Gesellschaft für Internationale Zusammenarbeit)coreStrategic or Co-development PartnerGerman development agency implementing PROGRESS initiative supporting Green Horizons study tour on H2 and decarbonised value chains in partnership with H2-diplo.
• H2-diplo (Decarbonization Diplomacy)coreStrategic or Co-development PartnerInternational initiative organising Green Horizons study tour on hydrogen and decarbonised value chains, bringing together participants from Ukraine and Germany.

Scale indicators12 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Sonnedix: Global solar IPP holding operating assets across Europe and select emerging markets for the long term. Comparable in holding-and-operating IPP strategy and European customer orientation.
• Cero Generation: European solar and wind developer with a focus on co-development and bankable project structuring. Comparable in development-led RE platform size and project finance orientation.
• DTEK Renewables: Renewables arm of Ukraine's largest private energy company, with operating solar and wind assets across Ukraine. Most directly comparable Ukrainian RE developer and IPP, operating in the same regulatory and wartime environment.
• Scatec ASA: Norwegian renewable energy IPP focused on emerging markets, with a portfolio of solar, wind, and storage assets and a co-investment model similar to UDPR's. Closely matched business model and geographic risk profile.
• BayWa r.e. German-headquartered global RE developer and IPP with active project development and operations across Europe including Eastern Europe. Comparable multi-technology (solar, wind, storage) IPP and project developer model.

Broad incumbents

• ACCIONA Energía: Global RE major with wind, solar, and emerging hydrogen businesses. Already listed as a UDPR partner; comparable as a broad renewable IPP platform, though materially larger and globally diversified.
• Masdar: UAE-based global RE and green hydrogen developer with a strong emerging-market and PtX focus. Comparable on green hydrogen ambition and emerging-market IPP platform model, but with materially larger scale.
• Enel Green Power: Global multi-technology RE IPP under Enel with operations across Europe, the Americas, and emerging markets. Comparable multi-technology IPP platform with hydrogen ambitions, though at vastly larger scale.
• Iberdrola: Global renewable-heavy utility with extensive wind and solar IPP operations across Europe and the Americas. Comparable as a broad incumbent RE developer and IPP, with green hydrogen initiatives underway.

Emerging players

• Everfuel: European green hydrogen production and distribution company building PtX value chains. Comparable on hydrogen production and EU offtake focus relevant to GreenWest PtX, though at an earlier stage.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/UDPRenewables
• LinkedInlinkedin.com/company/udprenewables

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about UDP Renewables