Post by European-Ukrainian Energy Agency

This Tuesday, EUEA Executive Director Anastasiia Vereshchynska spoke at DTEK GreenTalk 4.0 — addressing a question the renewables market has been sitting with for years. The panel focused on risk as the primary barrier to financing new projects. Military and market exposure continues to deter investors. Regulatory predictability would help: clear, stable rules make the sector more attractive, and Ukraine needs new capital coming in. “In the new energy system, renewables will deliver affordable electricity, while gas-fired units and storage will handle the balancing. The private sector is already building this,” she noted. Scaling that process requires de-risking instruments and reliable access to financing. EUEA and the Ukrainian Wind Energy Association (UWEA) spent a year advocating for new tools — including RAMP UP, a mechanism under joint development with the EBRD and the World Bank for nearly two years. In 2026, the EBRD is set to issue the first market risk insurance instruments for renewable generation. The World Bank and several European governments have joined the mechanism. If it delivers, it could unlock €1.5 billion in private investment and bring 1 GW of new wind and hybrid projects online. Some questions remain open. International financial institutions still lack frameworks for assessing projects in countries with active armed conflict. There is no financing mechanism for the physical protection of private energy infrastructure, though donor negotiations are underway.