DTEK Plans €450M Expansion of Black Sea Wind Power Plant

DTEK, Ukraine's largest private energy company, has announced a significant investment of €450 million ($468 million) to expand its Tyligulska Wind Power Plant near the Black Sea coast. This expansion will increase the plant's capacity from 114 MW to 500 MW, enabling it to produce 1.7 terawatt-hours of electricity annually, enough to power approximately 900,000 homes. The project represents the largest private sector investment in Ukraine's energy sector since Russia's full-scale invasion in 2022. Financing includes €370 million in loans backed by Denmark's Export and Investment Fund, with the remainder funded by DTEK. The expansion involves procuring 64 wind turbines from Danish manufacturer Vestas, and the project is expected to be completed by late 2026. This move comes after DTEK experienced substantial losses in thermal generation capacity due to ongoing Russian attacks on its infrastructure.