Norway's Norad grants DTEK Renewables €487,000 for 650MW Poltavska Wind Power Plant development in Ukraine
Type: Financing · Technology: Onshore Wind · Country: Ukraine · Capacity: 650 MW · Value: $0.49M · Announced: 2026-04-01
The Norwegian Agency for Development Cooperation (Norad) provided a NOK5.5 million (€487,000) grant to DTEK Renewables to advance the 650MW Poltavska Wind Power Plant in Ukraine. This funding will finance geological and engineering surveys and design documentation required for regulatory compliance and project construction. The grant is part of a larger €8 million Norwegian support package for companies investing in renewable energy and essential sectors in Ukraine. DTEK Renewables will lead the development of the project in Poltavska, with completion anticipated in 2028, aiming to support decentralization of Ukraine’s energy system and strengthen resilience.
Analysis
Norway's Norad announced a €487,000 grant to DTEK Renewables for the development of the 650MW Poltavska Wind Power Plant in Ukraine. This financing will fund geological and engineering surveys and design documentation for the project. The grant is part of a larger €8 million Norwegian support package for companies investing in renewable energy and essential sectors in Ukraine. DTEK Renewables will lead the development of the Poltavska project, with completion anticipated in 2028. The 650MW onshore wind project is located in Ukraine.
Key points
- Norad granted €487,000 (NOK5.5 million) to DTEK Renewables.
- The grant is for the 650MW Poltavska Wind Power Plant.
- The project is located in Ukraine.
- Completion is anticipated in 2028.
- The grant is part of a larger €8 million Norwegian support package.
Counterparties
- Norwegian Agency for Development Cooperation (Norad) (Lender)
- DTEK Renewables (Borrower)