PVTIME – The Polish solar energy firm ELQ has announced a €2.5 billion investment programme to deliver up to 2GW of new energy infrastructure in Ukraine.
The programme will focus primarily on solar photovoltaic and battery energy storage facilities. Supported by investment partners from the United States and Arab states, construction is scheduled to commence in the second quarter of 2026.
ELQ intends to prioritise the immediate reconstruction of Ukraine’s energy infrastructure. Chief executive Marcin Sołtysiak has indicated that the investment scope may extend beyond solar and storage to include biogas plants, small modular nuclear reactors, and data centre developments.
The World Bank estimates that Ukraine will require nearly $588 billion for reconstruction over the coming decade. ELQ’s initiative is part of the first phase of the country’s energy rebuilding programme. The firm has already set up a local subsidiary, ELQ Ukraine, and made arrangements with the Ukrainian government to provide a steady supply of power to social infrastructure.
In July 2025, the European Bank for Reconstruction and Development introduced a framework to mobilise €1.5 billion in investment to support the deployment of an additional 1GW of renewable energy capacity in Ukraine by mitigating financial risks for developers.
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