DTEK, Ukraine’s largest private energy company, has unveiled plans for a €450 million expansion of its Tyligulska Wind Power Plant (WPP) on the Black Sea coast, after reaching a financing agreement with lenders to purchase 64 wind turbines from Vestas, the world’s leading turbines manufacturer.
The commitment is the largest private sector investment in Ukraine since russia’s full-scale invasion in 2022 and the biggest ever private investment in Ukraine’s energy sector. Under the terms of the deal, banks will provide €370 million of loans, backed by guarantees from the state-owned EIFO (EIFO) – most of which will be used to fund the Vestas EnVentus V162-6.0 MW turbines. DTEK is financing the remaining cost of the project.
DTEK will accelerate construction this year, having already laid cabling and foundations, and expects to complete by the end of 2026. The expanded windfarm will grow from 19 to 83 turbines and increase capacity four-fold from 114 MW to 500 MW.
At full capacity, Tyligulska will produce 1.7 TWh of electricity a year – providing enough electricity to power 900,000 Ukrainian homes – the equivalent energy needed to charge every smartphone in the EU for a year.
