News release from Vestas Northern and Central Europe
Hamburg, 4 December 2023

Vestas and DTEK have today at COP28 signed a Memorandum of Understanding (MOU) to collaborate on the build out of the second phase of the Tyligulska wind project in the southern part of Ukraine. The agreement outlines the conditions and desire to build the 384 MW second phase of the Tyligulska wind project. The first phase of Tyligulska wind project comprised of 114 MW and was successfully commissioned in the spring of 2023.

"We are very pleased to be expanding our partnership with DTEK again and build the Tyligulska project to support the reconstruction of Ukraine's energy sector and show that Ukraine is open for business. The project is becoming a reality under extraordinary circumstances, and we look forward to working with DTEK on the final steps towards financial closure. Infrastructure projects of this size in Ukraine currently require additional risk guarantees, and we believe supporting a project as ambitious as this can re-emphasise the EU`s support to Ukraine. I want to recognise the visionary leadership of DTEK - thank you for the trust you have shown in Vestas", says Henrik Andersen, CEO of Vestas.

DTEK CEO Maxim Timchenko says: "We are delighted to once again be working with Vestas at Tyligulska on this ground-breaking project and I would like to thank Henrik Andersen and the team at Vestas for their unwavering support as well as the European Commission and governments of Denmark and Ukraine for their inspiring leadership. Today's memorandum of understanding is a declaration of confidence in DTEK and Ukraine, and a signal that we and our partners will not wait for the end of the war to invest in a greener future. Today, we are busy restoring not only what the occupier is destroying, but also building a new energy system. The Tyligulska windfarm will significantly increase the stability of our energy system, help strengthen the country's energy security, and enable Ukraine to become a decarbonisation leader that can act as an energy hub for Europe".

Together, the first and second phases of wind project will have a capacity of 498 MW with a total of 83 wind V162-6.2 MW wind turbines in 6.0 MW operating mode, making it the largest wind energy project in the country. The cooperation between Vestas and DTEK on this project goes back to 2021 when the second phase of the Tyligulska project was first announced. When the war broke out, the wind project was put on hold. With the signing of the MOU, the two parties reconfirm their joint commitment and resilience to continue to build out the renewable energy sector in Ukraine.  

If and when the agreement translates into a firm and unconditional order, Vestas will disclose this in accordance with the company's disclosure policy.
For more information, please contact:
Yannick Kramm
External Communications Specialist, Vestas Northern & Central Europe
Mail: yankr@vestas.com
Tel: +44 (0)77 9528 4694
About Vestas
Vestas is the energy industry's global partner on sustainable energy solutions. We design, manufacture, install, and service onshore and offshore wind turbines across the globe, and with more than 173 GW of wind turbines in 88 countries, we have installed more wind power than anyone else. Through our industry-leading smart data capabilities and unparalleled more than 151 GW of wind turbines under service, we use data to interpret, forecast, and exploit wind resources and deliver best-in-class wind power solutions. Together with our customers, Vestas' more than 29,000 employees are bringing the world sustainable energy solutions to power a bright future.

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About DTEK
DTEK Group is the largest private investor in the energy sector of Ukraine. The Group employs 55,000 people. DTEK Group's companies are engaged in coal and natural gas mining, electricity production at wind, solar and thermal power plants, trade energy resources in the Ukrainian and international markets, distribute and supply electricity to consumers, provide energy-efficient services to customers, and develop a network of high-speed charging stations.

In accordance with the Strategy 2030, DTEK strives to transform into a more energy-efficient, environmentally friendly and technological business, guided by ESG principles. DTEK is a member of the World Economic Forum's Partnering Against Corruption Initiative (PACI). Our goal is to achieve carbon neutrality by 2040.

Since the beginning of the full-scale invasion, DTEK Group has restored power supply to more than nine million consumers in the regions affected by the hostilities.