Ukraine expects to make operational this year a price-risk mitigation mechanism designed with the European Bank for Reconstruction and Development, aimed at stabilising revenues for energy projects and supporting private investment, Ukraine’s Minister of Economy Oleksiy Sobolev said at Ukraine House Davos.
Speaking during a panel on energy recovery and European integration, Sobolev said the mechanism would apply not only to renewables but also to assets critical for system resilience and near-term revenue generation.
“It’s renewables and batteries, but also gas and CHP storage,” he said, adding that maneuverable and distributed generation capable of early deployment would be a priority.
Sobolev said the mechanism is being developed jointly with the EBRD to address price volatility that has constrained investment during the war. “There’s also a mechanism that we’re designing to do some of the risk mitigation that was mentioned on the price risk,” he said. “We’re working with the EBRD, and we’ll be launching this this year… it’s going to come operational.”
The comments provide the clearest public timing to date for a risk-mitigation platform first outlined by the EBRD and partners at the Ukraine Recovery Conference in Rome in July 2025. At that time, the EBRD said it was developing a revenue-stabilisation mechanism—initially framed around renewables—to help unlock private capital and support new generation capacity with donor backing.
Sobolev also linked the mechanism to an expansion of insurance coverage for investors.
“We will be increasing risk insurance facilities this year to allow this investment,” he said, adding that, as conditions improve, “war-risk insurance will be transformed into political risk insurance.”
For a transcript and audio of the panel, click here.
Metadata
Event: Europe’s Future Energy Powerhouse: From Destruction to Ukrainian Dominance
Format: Panel discussion
Location: Ukraine House Davos
Overview:
This panel examined Ukraine’s near- and long-term energy reconstruction in the context of European energy security, focusing on replacing lost generation capacity, securing gas supplies, strengthening grid resilience, and accelerating renewables deployment. The discussion brought together senior Ukrainian policymakers, international financial institutions, and private infrastructure operators to assess how public policy, IFI capital, and private investment can jointly rebuild Ukraine’s energy system during the war and position the country as a long-term regional energy powerhouse.
Moderator:
- Lenna Koszarny – Founding Partner and CEO, Horizon Capital
Speakers:
- Oleksii Sobolev – Minister of Economy, Environment and Agriculture of Ukraine
- Artur Lorkowski – Director, Energy Community Secretariat
- Makhtar Diop – Managing Director, International Finance Corporation
- Matteo Patrone – Vice President, Banking, European Bank for Reconstruction and Development
- Heiner Röger – CEO and Owner, NOTUS Energy Group
- Thierry Déau – Chairman and Chief Executive Officer, Meridiam
