The International Finance Corporation (IFC), the European Bank for Reconstruction and Development (EBRD), and Notus (Germany) together with Rengy Development (Ukraine) have signed agreements to implement renewable energy projects, the Ministry of Economy, Environment and Agriculture of Ukraine reported.
The agreements were signed during the EU–Ukraine Investment Conference, held as part of the ReBuild Ukraine 2025 international exhibition on November 13–14 in Warsaw.
“Agreements were signed between IFC, EBRD, and Notus and Rengy Development to implement renewable energy projects. In particular, Notus is constructing a 120 MW wind farm in Odesa region, while Rengy Development is implementing solar and storage projects with a total capacity of over 140 MW in southern and central Ukraine,” the ministry said on its website Thursday.
The ministry also noted that the conference featured the announcement of new investment programs between the EU and international financial partners under the Ukraine Investment Framework (UIF), as well as the signing of separate memorandums for projects to be financed through UIF funds.
“These include new programs totaling €722 million, approved by EU countries last month. They are aimed at developing public infrastructure in healthcare, utilities, and housing sectors, as well as private business, and are expected to mobilize around €2 billion in new investments into the Ukrainian economy,” the ministry added.
It was also reported that during ReBuild Ukraine 2025, Naftogaz Group and the European Investment Bank (EIB) signed a €127 million grant agreement for gas imports.
“Under this agreement, which follows a commitment by Ukrainian President Volodymyr Zelensky, the funds are provided by the European Union with financial support from the Norwegian government. They will be used to import additional gas volumes to compensate for losses in domestic production caused by Russian attacks on civilian gas infrastructure,” Naftogaz CEO Serhiy Koretsky wrote on Facebook.
He noted that the funding is being provided through the Ukraine Investment Framework, the EU instrument for mobilizing funds for Ukraine’s reconstruction
