The EBRD plans to support the launch of 700 MW of new generating capacity in Ukraine by winter
As part of its preparations for the heating season, the European Bank for Reconstruction and Development (EBRD) plans to support the creation of approximately 700 MW of new electricity generation capacity, which is expected to be operational by winter.
This was announced by EBRD President Odile Renaud-Basso during a meeting of the International Coordination Group on Ukraine’s Energy Security (“Energy Ramstein”).
According to her, in 2026, the bank plans to support approximately 700 MW of highly flexible generation capacity using renewable gas and energy storage systems.
“As far as generation is concerned, our plan for 2026 calls for supporting approximately 700 MW of highly flexible generation capacity using renewable gas and energy storage systems,” Reno-Basso noted.
In addition, the plan calls for the creation of over 400 MW of thermal capacity in the municipal sector to enhance Ukraine’s energy resilience.
If procurement is successful, the EBRD expects all 700 MW of new projects to be commissioned before the start of winter. Separately, the bank has already supported approximately 180 MW of distributed renewable energy through partner banks.
The EBRD is also ready to facilitate gas imports for Naftogaz if needed.
Reno-Basso emphasized the need to accelerate the implementation of energy projects and reduce the time from decision-making to equipment installation.
She also highlighted the importance of creating a unified project portfolio to coordinate donor assistance and enhance the use of existing financial support instruments.
Separately, the EBRD President stated the need for reforms in the state-owned energy sector, including increasing the autonomy of companies and independent regulation.
“To close the current nine-gigawatt deficit, Ukraine needs to attract private investors on a significant scale,” she noted.
The EBRD, together with the World Bank and international donors, is also working on a 1-GW platform to support the development of renewable energy, which is intended to reduce market risks and stabilize investor returns.
