DTEK to invest €450 million to expand Tyligulska windfarm

DTEK, Ukraine’s largest private energy company, has unveiled plans for a €450 million expansion of its Tyligulska Wind Power Plant 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. 

Under the terms of the deal, banks will provide €370 million of loans, backed by guarantees from the state-owned Export and Investment Fund of Denmark (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.

Vestas President and CEO Henrik Andersen said: “We are proud to expand our partnership with DTEK and to deliver our technology solutions to the Tyligulska project that will power Ukraine’s energy system. I want to thank DTEK for showing visionary leadership and authorities in Denmark, Ukraine and EU for their strong support to this ambitious project that will help strengthen Ukraine's energy security“

In addition to Tyligulska, DTEK is planning a 650 MW windfarm in Poltava, central Ukraine. This is part of the company’s goal for a 2 GW renewables portfolio in Ukraine by 2030. Work has already begun to deliver 200 MW of large-scale battery storage across the country by next October.

Meanwhile, the company’s EU subsidiary, DTEK Renewables International (DRI), is building wind, solar and battery projects in Italy, Romania, Poland and Croatia.

About DTEK Tyligulska wind power plant:

Location: Mykolaiv region. 400 km from Kyiv.

Two hours drive from Moldova.

Close to the Black Sea

PHASE 1 (completed):

The world's first wind farm built during a war 114 MW of capacity is produced by 19 Vestas EnVentus V162-6.0 MW turbines

Opened in May 2023

Cost: €200 million

The annual production of electricity is 0.4 TWh. This is enough to supply energy to 200,000 households.

PHASE 2 (under construction):

384 MW of capacity will be added through 64 Vestas EnVentus V162-6.0 MW turbines

Project cost: c.€450 million

Financed by DTEK and leading international banks under the Export and Investment Fund of Denmark (EIFO).

Construction of turbines set to begin in Q1 2025

Planned completion date: Q4 2026

Annual output expected to reach 1.3 TWh per year - enough to supply 700,000 households.

COMBINED project:

The largest wind farm in Ukraine with an installed capacity of 500 MW 83 turbines

Total cost: c.€650 million 630 km of cables

Production of 1.7 TWh of clean energy per year – enough to power 900,000 households.

Estimated reduction in CO2 emissions: 2.1 million tonnes per year.