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DTEK & Octopus Energy launch €100 M “RISE” rooftop-solar program—100 turnkey projects for Ukrainian

by Roman Cheplyk
Monday, June 23, 2025
1 MIN
DTEK & Octopus Energy launch €100 M “RISE” rooftop-solar program—100 turnkey projects for Ukrainian

First UK-Ukraine clean-infra fund pairs onsite PV + batteries with Kraken AI to hedge power risk and sell surplus to the grid

Ukraine’s largest private energy group DTEK and UK clean-tech unicorn Octopus Energy have unveiled RISE (Resilient Infrastructure for Solar Expansion)—a €100 million facility to finance and build 100 rooftop solar-plus-storage systems for factories, warehouses, retail centres, hospitals and municipal buildings.

Investor highlights

  • Ticket size: €0.5–2 M per project; 5- to 7-year PPAs in hard currency.

  • IRR: 15–18 % forecast, driven by peak-hour tariff spreads and grid-balancing payments.

  • Risk mitigation: Assets insured by MIGA-backed war-risk cover; revenue managed via Kraken VPP platform for real-time optimisation.

  • Exit options: Yield-co roll-up or EU green-bond refinancing post-2028.

Why now?

  • Power deficit: Russian strikes cut >9 GW generation; rooftop PV bypasses transmission bottlenecks.

  • Policy tail-wind: Fast-track permitting & 0 % VAT on imported solar gear until 2030.

  • Grid value: Systems can discharge to DSOs during evening peaks at premium rates.

How to participate

  1. Equity co-investment alongside DTEK/Octopus SPV.

  2. Equipment supply—modules, inverters, 1-3 MWh LFP battery packs.

  3. Green-credit lines via DFIs or sustainability-linked loans.

Contact DTEK’s Sustainable Infrastructure desk for the current project pipeline and term sheet.

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