Current news on Rebuild Ukraine topic

The U.S.-Ukraine Reconstruction Investment Fund (URIF) has selected its first company for investment.

On March 25, the Board of the U.S.-Ukraine Reconstruction Investment Fund (URIF) approved its first investment—into the Ukrainian company Sine Engineering, which develops dual-use technologies. The company operates in the fields of communications and navigation, and its components are already used by more than 150 Ukrainian manufacturers of UAVs and interceptor systems.

“Less than a year after the signing of the bilateral agreement, the Fund has already made its first investment and received over 200 applications for consideration, more than half of which are from Ukrainian companies. The largest number of project proposals has been submitted in the energy sector, which is key for Ukraine. Other priority areas include dual-use manufacturing, infrastructure, and critical minerals,” noted Prime Minister Yuliia Svyrydenko.

As highlighted by the Ministry of Economy, this URIF investment lays the groundwork for further private sector investments from the United States and its partners. These investments are expected to strengthen Ukraine’s self-defence capabilities, enable the scaling of battlefield-tested technologies for U.S. clients, and stimulate further development of unmanned aerial systems.

The investment also creates opportunities for continued innovation by Sine Engineering in UAV technologies, which are crucial for Ukraine’s security today, while opening new avenues for broader commercial applications in the post-war reconstruction phase, including agricultural mapping, industrial inspection, and applications in transport and logistics.

Following meetings with a delegation from the U.S. Department of the Treasury and representatives of the U.S. Department of State, Minister of Economy Oleksii Sobolev noted that American investors are currently most interested in projects in the energy sector, critical minerals extraction, infrastructure, and industry.

The International Finance Corporation (IFC) will consider financing part of a €230 million wind power project in Ukraine.

On May 15, 2026, IFC will review the potential provision of a €70 million loan for the construction of a 120 MW wind power plant in the Odesa Oblast. The total project cost is estimated at €231 million. IFC is also supporting the project at the pre-investment stage to enhance its bankability, particularly through electricity market analysis and structuring of power purchase agreements (PPAs).

The wind farm is primarily owned by Notus Energy GmbH, which operates more than 1.6 GW of wind energy capacity worldwide. The project is also expected to attract minority shareholders, including Horizon Capital and the Green for Growth Fund.

Earlier reports indicated that Ukraine is expected to commission 500–600 MW of new wind power capacity in 2026, with most projects becoming operational within the same year. In 2025, the country commissioned 324 MW of wind capacity, compared to just 20 MW in 2024.

The European Bank for Reconstruction and Development (EBRD) is building a portfolio of renewable energy investments in Ukraine exceeding 1 GW and providing Kyiv with €22 million to prepare for winter.

For 2026, EBRD is forming a portfolio of private investments in renewable energy and battery energy storage systems (BESS) in Ukraine with a total capacity of over 1 GW. The Bank plans to attract private investors to projects including approximately 570 MW of wind power, 240 MW of solar generation, and 230 MW of storage systems.

To support this, EBRD and the World Bank launched RAMP UP, a joint initiative designed to stabilize renewable energy revenues and unlock large-scale private investments. “The goal is to accelerate the sector so that Ukraine’s potential can be utilized as soon as conditions improve. The first auctions are expected in 2026,” the Bank stated.

Additionally, EBRD approved an emergency €20 million grant as a supplement to financing for the installation of containerized cogeneration units totalling around 120 MW in Kyiv. This initiative is part of the EU’s Repair, Rebuild, Restart program—a €920 million package aimed at securing Ukraine’s energy grid during the 2026–2027 winter.

An additional €2.07 million technical assistance grant will finance a medium-term master plan for centralized heat supply in Kyiv, incorporating distributed cogeneration and future integration of renewable energy. The city itself has already allocated ₴10 billion for implementing its energy resilience plan.

Ukrainian startups raised nearly $500 million in investment last year.

Investments and grants for Ukrainian tech companies totaled $498 million in 2025, marking an 8% increase compared to 2024, according to the AVenture Dealbook report. About 46% of these investments were late-stage (Series D and Growth), aimed at scaling and expanding already successful companies. Early-stage investments (Seed and Series A) accounted for 38.5% of the total, or $191 million—a figure approaching a record in Ukraine’s history, close to the $258 million invested in 2021.

The leading company in terms of capital raised was Preply, which recently achieved “unicorn” status after securing an additional $150 million in a Series D round. Other notable leaders included monobank, Fintech Farm, Holywater, Headway Inc., and Swarmer. Together with Preply, these companies accounted for more than 55% of the entire venture market.

AI startups attracted 180% more capital than non-AI companies, capturing 74.4% of the total market, while startups without AI accounted for only 25.6%.