Polish solar photovoltaic company ELQ announced plans to invest 2.5 billion million euros in Ukraine to build up to 2GW of new energy infrastructure, mainly including solar photovoltaic and battery energy storage projects. The company said that this huge investment plan is gaining support from partners in the United States and Arab countries.

ELQ will start construction from the second quarter of 2026. In an interview with Xyz.pl, ELQ CEO Marcin Sołtysiak revealed that its investment plan is not limited to photovoltaics and energy storage, but will also consider building biogas plants, small nuclear reactors and possibly even data centers.

ELQ wants to invest in rebuilding Ukraine's energy infrastructure immediately, rather than waiting for the end of the war that has been going on since 2022 and destroyed the country's power plants. According to the World Bank's assessment of February 2026, the total cost of reconstruction and rehabilitation in Ukraine over the next ten years as of December 31, 2025 is close to $588 billion. This includes power generation, transmission and distribution infrastructure as well as district heating systems.

The investment aims to participate in the first phase of Ukraine's energy reconstruction. Previously, ELQ established a subsidiary ELQ UKRAINE and reached an agreement with the Ukrainian government to provide autonomous and uninterrupted power supply to social infrastructure such as schools, hospitals and kindergartens. In July 2025, the European Bank for Reconstruction and Development (EBRD) developed a new mechanism aimed at mobilizing € 1.5 billion of investment to add 1GW of renewable energy capacity to Ukraine by reducing the financial risk for developers.