Foreign investors3 have invested around $3
billion4 into Ukraine's renewable energy market over
several years, helping Ukraine toward a 25 percent benchmark for
renewable energy by 2035, and reducing its dependency on imported
fuels.5 Many investors rely on funding provided by foreign funds
and organizations (e.g., EBRD, IFC, FMO, NEFCO and SWEDFUND).
The quantity of green energy produced in Ukraine is constantly
growing, most recently from 2 percent of total energy produced in
2018 to 4 percent in 2019. The renewables market is dominated by
several big players, including DTEK Renewables (owned by an entity
registered in the Netherlands), Vindkraft Ukraina (which has
Swedish and Cypriot investors), and Chinese CNBM.6
