Energy holding DTEK, owned by Rinat Akhmetov, and UK company Octopus Energy have announced the creation of a joint venture to implement the RISE, or Resilient Independent Solar Energy, programme aimed at developing distributed solar generation in Ukraine. The project envisages attracting up to €100 million in investment over the coming years to install rooftop solar power plants and energy storage systems at business and public sector facilities.
According to DTEK, the RISE programme was first presented in June 2025 and has since been implemented through the company’s retail brand Yasno. According to the partners, the project has already generated significant interest from Ukrainian customers, which became one of the factors behind the decision to establish a separate joint venture.
Under the programme, around 100 distributed generation facilities are planned to be installed at enterprises and public institutions over three years. The main goal of the project is to increase the energy resilience of consumers, reduce their dependence on centralized power supply and provide additional protection against the risk of electricity disruptions.
One of the key features of the programme is a financing model that does not require upfront investment from customers. Solar panels and energy storage systems will be installed without advance payments, while ownership of the equipment will transfer to the customer after the completion of a 10-year contract.
Project financing is expected to come from bank loans and investor funds, supported by grant programmes and guarantee mechanisms. DTEK and Octopus Energy are currently in talks with a number of financial institutions on the terms of raising capital for the programme.
The technological foundation of the project will be Kraken, a digital platform developed by Octopus Energy. The system uses artificial intelligence technologies to manage energy consumption in real time, enabling electricity use to be optimized, costs to be reduced during peak load periods and surplus generated electricity to be sold to the grid.
Installation of solar power plants and battery systems will be carried out by Yasno, which is part of DTEK and specializes in electricity supply and energy services for households and businesses.
According to project participants, the creation of the joint venture will accelerate the development of distributed generation in Ukraine, attract significant private investment into the energy sector and increase the energy independence of Ukrainian enterprises and public institutions amid the continued modernization of the country’s energy infrastructure.
