UDP Renewables and Hydrogen Partners are launching a partnership with UkraineInvest as part of the development of the GreenWest PtX project in the Volyn region.
A memorandum of cooperation was signed by UkraineInvest CEO Maryna Khlistun, UDP Renewables CEO Serhiy Yevtushenko and Hydrogen Partners co-founder Otto Waterlander during the EU-Ukraine Business Summit 2026 in Brussels.
GreenWest PtX is a large-scale project in the field of renewable energy and Power-to-X, which involves the production of “green” hydrogen from renewable energy sources (1.5 GW) with subsequent processing into value-added products, in particular ammonia, e-methanol and SAF for the Ukrainian and European markets.
The GreenWest PtX project is being implemented in partnership between UDP Renewables and Hydrogen Partners.
UDP Renewables is one of the leading investment and development companies in the field of renewable energy in Ukraine, with over 10 years of experience in implementing renewable energy projects and a diversified portfolio in solar, wind and hydrogen generation.
Hydrogen Partners is a Dutch company operating in the green hydrogen ecosystem with deep expertise in developing technical and commercial solutions that connect renewable energy suppliers with hydrogen markets while optimizing production economics.
The GreenWest PtX project aligns with the strategic goals of decarbonization, strengthening energy security and integrating Ukraine into the European energy market.
Importantly, demand is already being shaped alongside supply. Austria and Germany are being considered as potential off-take partners — anchoring the project in real market interest.
Ukraine’s structural potential in this space is material. According to the International Energy Agency, Ukraine holds one of Europe’s largest renewable hydrogen opportunities, with technical production potential estimated at 18-38 million tonnes annually — underpinned by competitive renewables, available land, and proximity to EU demand centres.
The signing of the memorandum marks the transition to a new stage — structured cooperation between the parties, which includes coordinating project preparation, developing mechanisms for securing financing and fostering dialogue with international financial institutions, potential partners and future product off-takers. Currently, the project is at the stage of technical design and financial structuring.
UkraineInvest acts as the project coordinator and facilitator, providing support based on the “one-stop-shop” principle — from interaction with state authorities to working with international partners, financial institutions and other stakeholders.
The development of such initiatives creates a basis for attracting strategic investments, strengthening energy resilience and integrating Ukraine into the European green energy market.
For further information and inquiries regarding cooperation, please reach out to UkraineInvest: [email protected].
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