BSTDB Joins International Partners to Strengthen Energy Resilience in Ukraine
International financing will strengthen Ukraine's energy security amid ongoing recovery efforts
The Black Sea Trade and Development Bank (BSTDB), together with the International Finance Corporation (IFC), the European Bank for Reconstruction and Development (EBRD), British International Investment (BII) and Swedfund is supporting a renewable energy investment in western Ukraine, developed by GNG Group (OKKO Group).
The financing signed during the Ukraine Recovery Conference (URC 2026) in Gdansk, Poland, will support the development and construction of a 189 megawatt (MW) wind power project in western Ukraine.
“This project demonstrates the importance of cooperation among international financial institutions in supporting Ukraine’s recovery,” said Dr. Serhat Köksal, President of BSTDB. “By mobilizing long-term financing alongside our partners, we are helping to strengthen the country’s energy system and support critical infrastructure investment under challenging conditions. BSTDB remains committed to supporting investments that address immediate energy needs, but also building a more sustainable and secure future for Ukraine.”
Once operational, the project is expected to contribute significantly to renewable electricity generation, helping to strengthen the resilience of Ukraine’s power system and support the country’s energy security.
In addition to its energy impact, the project is expected to generate employment during construction and operation and support private sector investment in critical infrastructure.
The Black Sea Trade and Development Bank (BSTDB) is an international financial institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Türkiye, and Ukraine. The BSTDB headquarters are in Thessaloniki, Greece. BSTDB supports economic development and regional cooperation by providing loans, credit lines, equity and guarantees for projects and trade financing in the public and private sectors in its member countries. The authorized capital of the Bank is EUR 3.45 billion. For information on BSTDB, visit www.bstdb.org.
