Since the beginning of the full-scale war, the EBRD has invested €2B in Ukrainian energy and is ready to continue.

EBRD representative Olha Yeromina reported that since the beginning of the full-scale war, the bank has invested approximately €5B in Ukraine and approximately €2B to implement energy projects, particularly in renewable energy sources. The EBRD is open to new investment in Ukraine’s RES sector, noting improvement in the regulatory environment and alignment of reforms with EU requirements. However, there are problems regarding the guaranteed purchase of electricity, uncertainty of income streams, and the electricity market’s stability. As well, the European Ukrainian Energy Agency presented the Market Risk Guarantee Fund concept, which international financial institutions will create to protect private RES companies from electricity market fluctuations by ensuring a minimum electricity price. According to Yeromina, the fund can become the primary investment driver, contributing to the stability of Ukraine’s energy system and accelerating the implementation of renewable energy projects. By 2030, Ukraine plans to double its current 10 GW of RES capacity.