DTEK Renewables

What DTEK Renewables does

DTEK Renewables is the renewable energy operating subsidiary of DTEK Group, Ukraine's largest private energy company controlled by SCM Holding (Rinat Akhmetov). Founded in 2006 and headquartered in Kyiv, the company develops, constructs, and operates utility-scale wind farms, solar power plants, and battery energy storage systems across Ukraine, with 13 facilities and 1.3 GW of installed capacity and €2.1 billion in cumulative renewable and storage investment. Its flagship asset, the Tyligulska Wind Power Plant, was designed at 500 MW total capacity and was globally notable as the first wind farm constructed during active warfare — 114 MW Phase I (19 Vestas EnVentus V162-6.0 MW turbines) was commissioned in May 2023 at a cost of €200 million, with a €450 million Phase II (384 MW, 64 turbines) announced via MoU with Vestas at UN COP28.

The company's business model rests on four revenue streams: wholesale electricity generation sold to the Ukrainian national grid (1 billion kWh of green electricity generated in 2023; 2.1 billion kWh in 2021; ~1.7 TWh projected annually from Tyligulska alone), capital markets financing (€325 million green Eurobonds issued in 2019), newly launched carbon credits (first issued January 2025), and guarantees of green energy origin (started November 2024). GTM motion is enterprise field sales directed at government authorities, regulators, and international development finance institutions, supported by partnerships with Vestas (turbines), Fluence (BESS), Norad/Norway (de-risking capital), the European Commission, and the Danish government. Battery storage (200 MW via Fluence, €140 million investment) and the €1.2 billion Poltavska WPP project (650 MW, completion targeted 2028) anchor the forward build-out, alongside the DTEK Renewables International consultancy supporting Romanian wind and solar projects since August 2023.

Name

DTEK Renewables

Legal name

ТОВ «ДТЕК ВДЕ» (LLC DTEK VDE)

Website

https://renewables.dtek.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

251–500 employees

Short description

DTEK Renewables is the renewable energy subsidiary of Ukrainian energy group DTEK, operating 1.3 GW of wind, solar, and battery storage assets across 13 facilities to generate electricity for the Ukrainian national grid and for export to European markets.

Ownership category

akta.pro rank

Product category

Renewable Energy Generation

NAICS

Wind Electric Power Generation (221115), Solar Electric Power Generation (221114)

SIC

Electric Services (4911)

akta.pro primary industry

Onshore Wind Power Generation (Utility-Scale) (EUACAFAA)

akta.pro secondary industries

Wind Farm Ownership & Operations (IPP/Utility-Owned Asset Operations) (EUACAFAF), Wind Power Plant EPC (Onshore/Offshore) (EUAEAAAF)

Keywords

• Utility-scale wind energy
• Solar power generation
• Battery energy storage
• Green electricity generation
• Renewable infrastructure development

Headquarters

HQ city

Kyiv

HQ country

Ukraine

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Electricity Generation and Sales: DTEK Renewables generates electricity from wind farms and solar power plants, selling power to the grid and directly to consumers. The Tyligulska WPP generates 1.7 TWh annually, sufficient for 900,000 households. Generated 1 billion kWh of green electricity in 2023.
2. Green Eurobond Issuance: Successfully issued €325 million in green Eurobonds in 2019 with a five-year term. Demonstrates access to capital markets for project financing.
3. Carbon Credits: DTEK Renewables issued its first carbon credits in January 2025.
4. Guarantees of Green Energy Origin: Started issuing guarantees of green energy origin from November 2024.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels6 records

Core offering

DTEK Renewables develops, constructs, owns, and operates utility-scale onshore wind farms, solar power plants, and grid-scale battery energy storage systems in Ukraine, selling the generated green electricity to the national grid and to European markets. Its flagship asset is the Tyligulska Wind Power Plant, supported by additional wind, solar, and storage installations totaling 1.3 GW of installed capacity, plus professional O&M services delivered through its Wind Tech subsidiary.

Product overview

DTEK Renewables operates as Ukraine's largest private energy investor in renewable sources, managing a portfolio of 13 wind, solar power plants and energy storage installations with 1.3 GW installed capacity. The core portfolio includes the Tyligulska WPP (500 MW total - Phase I completed 114 MW, Phase II planned 384 MW), Poltavska WPP (650 MW planned), Nikopolska SPP, Pokrovsk SPP, Tryfonivska SPP, and battery energy storage systems (200 MW with Fluence). The company provides professional O&M services through its Wind Tech subsidiary, supports international renewable projects in Europe, and issues carbon credits and guarantees of origin. Total investments reach €2.1 billion in renewables and energy storage, with a plan to add 1 GW by 2030.

Differentiator

Problem solved

Functional benefit

Brands

• Wind Tech (Вінд Тех): Service company providing professional maintenance services for power plant and substation equipment, including high-voltage equipment, relay protection and automation, cable lines, and wind turbine maintenance.

Products and services

• DTEK Tyligulska Wind Power Plant (WPP) Ukraine's largest wind farm with a total design capacity of 500 MW using 83 Vestas EnVentus V162-6.0 MW turbines. Phase I (114 MW) was commissioned in May 2023; Phase II (384 MW) is planned. Generates 1.7 TWh annually, enough to power 900,000 households and reduce 2.1 million tonnes of CO2 emissions per year.
• DTEK Poltavska Wind Farm (WPP) Planned 650 MW onshore wind farm in central Poltava region with up to 100 turbines, representing a €1.2 billion ($1.4 billion) investment. Expected to be among Europe's largest onshore wind installations, with project completion targeted for 2028.
• Wind Tech Maintenance Services Professional setup and maintenance service company for power plant and substation equipment, including high-voltage equipment, relay protection and automation, cable lines, and wind turbine maintenance. Field crews operate across DTEK Renewables' wind and solar sites with more than 8 years of operational experience.
• Battery Energy Storage Systems (BESS) Utility-scale battery energy storage systems with 200 MW of capacity, deployed in partnership with Fluence to enhance Ukraine's grid stability and energy security. Includes deployment of BESS units at community sites such as Hlobyne.
• Carbon Credits Verified carbon credits generated from DTEK Renewables' renewable energy assets, issued starting January 2025 to monetize emission reductions from wind and solar generation.
• Guarantees of Green Energy Origin Certificates guaranteeing the green origin of electricity produced by DTEK Renewables' wind and solar assets, issued from November 2024 to provide verified renewable energy attributes to buyers and counterparties.

Quantifiable outcome

• 2.1 million tonnes CO2 reduced per year
• +4 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Eight partnerships are on record, tiered core and strategic.

• FluencecoreTechnology or Integration · 22 April 2026Modern energy storage systems provider. €140 million investment for 200 MW battery energy storage facility to enhance Ukraine's energy security and grid stability. Received The smarter E AWARD 2026. DTEK Renewables completed professional energy storage system management course with Fluence.
• VestascoreTechnology or Integration · 4 December 2023World's leading wind turbine manufacturer. Signed MoU at UN COP28 for supply of wind turbines for Tyligulska WPP Phase II (64 Vestas EnVentus V162-6.0 MW turbines, 384 MW). Previously supplied turbines for Phase I (19 turbines, 114 MW). Vestas provides consulting support and equipment. Partnership supported by European Commission and Danish government.
• Ukrainian Wind Energy AssociationstrategicStrategic or Co-development Partner · 14 November 2023DTEK Renewables presented at the association's stand during WindEnergy Hamburg and ReBuild Ukraine exhibitions. Association organized collaboration between Ukrainian firms and foreign manufacturers for wartime project implementation.
• DTEK Renewables InternationalstrategicStrategic or Co-development Partner · 25 August 2023Ukrainian specialists from DTEK Renewables provide remote consultancy for international renewable energy projects. Since August 2023, supporting 60 MW wind farm and 50 MW solar plant construction in Romania. This is DTEK Group's first foreign renewable energy projects.
• Crane UkrainecoreImplementation/ SI/ Consulting PartnerConstruction partner for Tyligulska WPP. Responsible for lifting turbine components using cranes. Critical during wartime when foreign contractors evacuated.
• FairWindcoreImplementation/ SI/ Consulting PartnerConstruction partner for Tyligulska WPP. Collected wind turbine parts and performed assembly/installation work during wartime construction.
• Wind TechcoreTechnology or IntegrationService company providing professional maintenance for power plant infrastructure. Services include high-voltage equipment, relay protection, cable lines, and wind turbine maintenance. Over 8 years of experience. Field crews conduct maintenance at DTEK Renewables facilities.
• Rinat Akhmetov FoundationstrategicOthersHumanitarian aid partnership. Delivered food packages (15.3 tons), medicines, and supplies to communities in Mykolaiv region. Partnership within 'Saving Lives' humanitarian project created by DTEK and Metinvest.

Scale indicators25 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Acciona Energía: Spanish utility-scale wind and solar IPP with global portfolio including Eastern European projects. Highly comparable to DTEK Renewables as a dedicated renewable energy operator with utility-scale wind and solar assets, IPP model, and O&M service arm.
• Iberdrola: Spanish-headquartered global renewable energy leader and one of the world's largest wind operators with onshore wind, offshore wind, solar, and storage. Directly comparable in core wind/solar IPP business, with broader scale advantage as a broad incumbent renewable player.
• EDP Renováveis (EDPR): Portuguese utility-scale wind and solar IPP with multi-GW operating portfolio across Europe, North America, and Latin America. Directly comparable to DTEK Renewables in core technology (utility-scale wind/solar), IPP business model, and geographic mix including emerging markets.
• AES Corporation: US-headquartered global power company with significant renewables and storage IPP operations across the Americas, Europe, and Asia. Comparable to DTEK Renewables in wind/solar/storage IPP model, BESS partnerships (Fluence), and emerging-market project execution.
• Ørsted: Danish-headquartered global leader in offshore and onshore wind power generation with significant storage operations. Comparable to DTEK Renewables in onshore wind focus, Vestas-turbine technology stack, and grid-scale battery storage deployment for grid stability.
• Scatec: Norwegian-based renewable energy IPP focused on emerging markets with wind, solar, and storage across Africa, Asia, and Eastern Europe. Closely comparable to DTEK Renewables in scale, business model (develop-and-operate IPP), and emerging-market execution focus; both operate under Norad/Norwegian institutional backing.
• Enel Green Power: Italian-headquartered global renewable energy developer and IPP with multi-GW wind, solar, and storage portfolio across the Americas, Europe, Africa, and Asia. Closely comparable in technology stack, geographic reach, and integrated developer-IPP-O&M model.

Broad incumbents

• RWE Renewables: German utility's renewable energy division operating multi-GW onshore/offshore wind and solar portfolio across Europe and the US. Comparable as a major European renewable IPP, though operating as part of a broader conventional utility portfolio rather than a pure-play.
• ENGIE: French-headquartered global utility with substantial renewable energy operations (wind, solar, storage) across Europe, the Americas, Africa, the Middle East, and Asia. Comparable as a major renewable IPP with multi-region reach, though with broader conventional generation portfolio.

Others

• Nordex: German wind turbine manufacturer and EPC contractor specializing in onshore wind installations. Comparable to DTEK Renewables not as a peer developer but as a technology and EPC services provider in the same onshore wind value chain, particularly relevant for Eastern European wind farm construction.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/DTEKRenewables
• Facebookfacebook.com/DTEKRenewables
• LinkedInlinkedin.com/company/dtek-renewables

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors1 record

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 DTEK Renewables