DTEK establishes a Ukrainian energy investment hub in the United Kingdom

DTEK establishes a Ukrainian energy investment hub in the United Kingdom

07.01.2021

DTEK is amplifying its presence in London, the capital of the United Kingdom. As outlined in the company’s recently presented corporate strategy, DTEK plans to expand existing and invest in new RES projects in European energy markets. Additionally, the company seeks to create an ecosystem to attract investment and innovative technologies in new Ukrainian energy projects.

DTEK’s new office will be located in the business center of the City of London and operate as an investment hub, open to investors with interests in Ukraine. Ukrainian entrepreneurs who believe in the potential of the Ukrainian energy sector and broader economy, will also be at the centre of activities.

"We created a hub to attract investment in new energy projects in Ukraine. This primarily concerns renewable energy sources, energy storage systems and hydrogen energy projects. In addition to increasing gas production and improving the country’s grids, these areas have been identified as the priority in our strategy presented in December 2020”, said DTEK CEO Maxim Timchenko.

DTEK has had a corporate presence in the UK since 2013. For the past three years it has had an international capital markets team in London that manages investor relations and, in 2019, successfully arranged the issuance of a green bond to finance DTEK’s growth in renewable energy generation in Ukraine.

The commencement of the investment hub is scheduled for the end of the first half of 2021. Operational activities to attract investment in Ukraine in the UK will be carried out by a specially created company, DTEK International Ltd.

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