Energy reconstruction amid war: Deal of the Year case study

As inspiratia celebrates the winners of its European Energy Transition Awards, one deal stands apart for redefining what resilience in the energy sector truly means. The Tyligulska Wind Farm, named Deal of the Year, is not just a project, but a breakthrough in what is possible under extreme conditions. While Russian missiles targeted Ukraine’s critical infrastructure and over 60% of the country’s generation capacity collapsed, falling from 38GW to just 12GW, construction of the Tyligulska wind farm continued at a site located 100km from the front line. In a year when the IEA warned that daily electricity access could drop to 3–4 hours per day by early 2026 without intervention, Tyligulska moved in the opposite direction: forward. Against the backdrop of Europe’s most destructive conflict in decades, Phase II reached financial close, securing a €450 million package that DTEK calls both the largest private-sector investment since the 2022 invasion and the biggest private investment ever made in Ukraine’s energy sector. As the world looks ahead to the future of Ukraine’s reconstruction, one question emerges: What does it take to build and finance a 500MW wind farm in the middle of a war?