The domestic titanium company Velta has started designing solar and wind power plants, as well as energy storage systems.
This was announced to Forbes Ukraine by the company's CEO Andriy Brodsky during the Exporters Summit 2025.
According to him, the expected amount of investment in renewable energy projects will be $10 million. The company plans to raise part of this amount from private partners and international investors.
“Several powerful market players have already expressed interest,” assured Andriy Brodsky.
He said that the design of solar, wind power plants and energy storage systems is already underway.
According to the CEO, the decision to make these investments in energy was a response to the rising cost of energy. According to Velta's CEO, in 2022, electricity costs accounted for about 30% of the company's production costs, but by the end of 2023, this figure reached 60%.
Due to the high electricity tariffs in Ukraine, Velta fulfilled only half of its planned output in 2023.
“We have almost lost our export potential,” said the company's CEO.
Recently, EcoPolitics reported that the mining and metallurgical group of companies Metinvest will invest UAH 1.4 billion in 2025 to install solar and gas power plants for the needs of its own enterprises.
