Issue: № 12, 2025
Doi: https://doi.org/10.37634/efp.2025.12.6
Introduction. Renewable energy is one of the key areas of modern economic development, combining environmental sustainability, innovation potential, and energy security. For Ukraine, which is currently at war and experiencing significant pressure on its energy resources, the issue of attracting investment into this sector is especially relevant. The purpose of the paper is to analyze the current state and specific features of investments in Ukraine’s renewable energy sector during martial law, identification of key challenges and risks, presentation of the industry’s development prospects, and justification of the directions for enhancing the sector’s investment attractiveness in the context of post-war recovery. Results. This paper provides an in-depth analysis of the current state, challenges, and potential growth opportunities for investment in renewable energy within Ukraine during the ongoing state of martial law. It focuses on assessing the profound impact of the war on various critical aspects such as the dynamics of capital attraction, structural transformation of the energy market, and the institutional mechanisms underpinning the development of the renewable energy sector. The study identifies key investment risks, including the physical destruction of energy infrastructure, restricted access to financial resources, regulatory uncertainty, and disruptions in logistics and equipment supply chains. These factors collectively pose significant obstacles to the sector's growth. Nonetheless, despite the evident difficulties, findings from this research suggest that Ukraine's renewable energy sector still holds promising investment opportunities. The report underscores that unlocking this potential hinges on bolstering international cooperation, implementing financial guarantees to mitigate investor risks, and ensuring a stable regulatory framework conducive to long-term investment. Moreover, international financing mechanisms, innovative strategies for "green" reconstruction, and alignment with global sustainability goals are identified as pivotal steps towards attracting foreign capital and revitalizing the sector. Conclusion. The paper further emphasizes that addressing these challenges could position Ukraine’s renewable energy industry as a critical component in the country's post-war economic recovery and its aspiration toward energy security and sustainability.
Keywords : renewable energy, investment dynamics, energy security, wartime challenges, «green» reconstruction strategies, international financial support, Ukraine's energy transition
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