SUB-FUND
Investing in the Recovery and Energy Independence of Ukraine
About
Ukraine Energy, Sub-Fund of Ukraine Recovery Fund is a professionally managed strategic investment vehicle structured as an open-ended sub-fund within a SICAV umbrella, fully compliant with European Union (EU) regulations (AIFMD, MiFID II, SFDR, and EU Taxonomy) and Czech National Bank (CNB) guidelines. Designed specifically for institutional and professional investors, this subfund uniquely combines attractive financial returns with measurable social and environmental impact in post-war Ukraine.
Our investment strategy targets the urgent modernization, decentralization, and decarbonization of Ukraine’s energy infrastructure, strategically responding to the unprecedented devastation resulting from the ongoing conflict.
Important: This communication is part of our pre-marketing activities (June–December 2025 ?). No offering of fund units or investor commitments is being solicited at this stage. Notification to the Czech National Bank was officially submitted on 3 June 2025.
Our Mission
Our Strategic Objectives
We aim to mobilize substantial international private capital and leverage expert knowledge to rebuild and transform Ukraine’s energy infrastructure. Our primary goal is to establish a secure, sustainable, and decentralized energy ecosystem, reinforcing Ukraine’s sovereignty, economic recovery, and regional stability.
Restore infrastructure
Rapidly restore critical energy infrastructure in areas most severely impacted by war.
Accelerate
Accelerate the transition to renewable energy (solar, wind, bioenergy) and implement advanced energy storage solutions.
Smart technologies
Invest significantly in smart grid technologies, microgrids, and energy-efficient transmission to enhance resilience and operational efficiency.
Long-term investors
Attract and engage long-term institutional and professional investors through rigorous governance structures and ESG-aligned strategies.
Transparency
Ensure full regulatory compliance and transparency in alignment with AIFMD, MiFID II, SFDR, and EU Taxonomy to secure investor confidence.
Long-term Vision
Generate measurable socio-economic impacts, contributing directly to Ukraine’s recovery, European integration, and broader geopolitical stability.
Why Ukraine? Why Now?
Since the invasion of 2022, Ukraine’s energy sector has suffered catastrophic damage, resulting in profound social, economic, and security challenges:
- Over 63,000 energy infrastructure assets damaged or destroyed.
- Loss of more than 50% of national power generation capacity.
- Total sector damages exceeding €92.81 billion.
- Persistent blackouts, widespread energy poverty, and instability.
- Escalating demand for resilient, decentralized renewable energy solutions.
Addressing these challenges now is not merely humanitarian aid—it is a strategic investment in Europe’s collective energy security and long-term stability.
Strategic Goals
Our measurable objectives for the next five years:
Raise $1 Billion in Committed Capital by 2028
Mobilize professional and institutional investors through a robust governance framework and effective risk management instruments.
Deploy 1 GW of Resilient, Clean Energy Infrastructure
Fund diversified renewable energy projects, specifically targeting war-affected and grid-vulnerable regions.
Secure Comprehensive Project Protection via ECA and War-Risk Insurance
Guarantee 100% of investments through international insurance mechanisms, mitigating geopolitical and operational risks.
Ensure Rigorous ESG Compliance
Fully align all investment projects with EU ESG, SFDR, and Taxonomy regulations, reinforcing sustainable and responsible investment practices.
Deliver Tangible Benefits to Over 10 Million Ukrainian Citizens
Provide reliable energy access, restore essential services, and significantly enhance regional economic stability and quality of life.
Our Strategic Initiative
The idea of establishing Ukraine Energy, Sub-Fund of Ukraine Recovery Fund was conceived and developed by PhD Marcin Sołtysiak, CEO of ELQ S.A., investor, and respected leader in energy infrastructure and sustainable development.
His publicly listed company, ELQ S.A., is renowned for expertise in energy and critical infrastructure projects. The Ukraine Energy, Sub-Fund of Ukraine Recovery Fund leverages a highly skilled international team, specializing in ESG investment, project finance, infrastructure development, and capital markets.
Together, we deliver a compelling synergy between private-sector dynamism and public-sector reconstruction objectives.
Legal Structure
Open-ended subfund under SICAV (AIFMD and MiFID II compliant).
Investor Eligibility
Restricted to professional and institutional investors as per EU regulations.
Governance Framework
Independent Investment Committee
ESG and Impact Advisory Board
External audit and comprehensive AML/KYC compliance
Sectoral Focus
Priority Investment Areas
Renewable Energy Solutions
Solar and wind energy generation
Bioenergy (solid, liquid, and gaseous biofuels)
Grid-connected and off-grid renewable systems
Grid Stability and Energy Storage
Battery storage systems (BESS)
Grid resilience and flexibility technologies
Smart grids and decentralized microgrid systems
Transitional Energy Sources and Efficiency
Combined Heat and Power (CHP) generation from natural gas
High-efficiency thermal energy production
Energy efficiency technologies in industrial and municipal sectors
Nuclear Innovation
Feasibility and development studies for Small Modular Reactors (SMRs)
Regulatory support and localization strategies for advanced nuclear projects
District Heating and Thermal Infrastructure
Modernization of thermal power plants
Expansion and decarbonization of district heating networks
Integration of RES and waste heat into thermal grids
Investment Pipeline & Market Deployment
Our current pipeline includes rigorously vetted, high-impact projects:
- 600+ MW capacity across solar, wind, hybrid, and storage technologies.
- Immediate deployment identified in eight priority regions across Ukraine.
- Advanced GIS-based grid analysis, technical and legal due diligence in partnership with top European consultancies.
- Active engagement and collaboration with established local Ukrainian partners.
About us
Advisory Team
Our experienced management team combines vision, leadership, and proven execution capabilities.
Our Mission
Why Invest?
Ukraine urgently needs proactive support and transformative investment to rebuild its critically damaged energy infrastructure and strengthen its energy independence. Investing now means actively contributing to restoring stability, security, and economic prosperity—essential not only for Ukraine but for Europe’s broader geopolitical and energy security. Professional investors partnering with the Reconstruction Energy Subfund benefit from:
Immediate Impact and Lasting Legacy
Directly participate in high-impact projects that promote peacebuilding, economic revitalization, and environmental sustainability, delivering lasting benefits to millions.
Early-Mover
Advantage
Position yourself in a rapidly evolving market with extensive growth potential, backed by robust EU-supported reconstruction and integration frameworks.
Robust Risk Management
All projects are fully secured with comprehensive guarantees, including Export Credit Agency (ECA) protection and war risk and political insurance, significantly reducing geopolitical and operational exposure.
Proven, Ready-to-Go Projects
Access a carefully curated pipeline of projects already vetted and technically validated, ready to deploy immediately—without waiting for conflict resolution.
Rigorous ESG Standards and Governance
Investments fully compliant with EU sustainability regulations, supported by transparent governance structures, independent oversight, and thorough external audits.
Regulatory Transparency
This pre-marketing communication adheres strictly to:
- Directive (EU) 2019/1160
- Regulation (EU) 2019/1156
- MiFID II standards
- CNB regulatory requirements
- EU SFDR and Taxonomy compliance
All investor communications during pre-marketing are comprehensively documented, monitored, and archived. No investment offerings are being made at this stage.
Join Us in Partnership
We invite professional and institutional investors, policy experts, and strategic partners to participate in shaping Ukraine’s sustainable energy future.
Our ambitious goal is to raise $1 billion USD within three years.
Contact us: [new fund email]
Together, we can redefine Ukraine’s energy landscape and build lasting resilience.
