Supporting Ukraine’s private renewable energy industry

• Energy security is a key priority for EBRD investments in Ukraine 

• EBRD is Ukraine’s largest institutional investor, with a focus on private sector 

The European Bank for Reconstruction and Development (EBRD) established a renewable energy joint venture with GOLDBECK SOLAR Investment, which plans to construct and operate new solar PV projects in Ukraine, part of its efforts is to improve the resilience of the Ukrainian energy sector, which has come under fierce attacks by Russia in recent months.  

The EBRD, Ukraine’s largest institutional investor, has significantly increased its finance to Ukraine since Russia launched its full-scale war there in 2022. The Bank has made over €4.2 billion available to Ukraine since the start of the war. EBRD shareholders have recently agreed to provide a €4 billion paid-in capital increase to enable the Bank to continue investing at current levels in wartime, with the potential for more investments when reconstruction starts.