The concept of this mechanism was born within Ukraine’s private renewable energy sector and has gained the support of the EBRD, the European Commission, and international partners. URMM is designed to enable up to 1 GW of new clean energy capacity.

On July 10, at the Ukraine Recovery Conference (URC2025) in Rome, the European Bank for Reconstruction and Development (EBRD), the European Commission, and international partners announced the creation of the Ukraine Renewable Energy Risk Mitigation Mechanism (URMM) — a landmark de-risking instrument aimed at unlocking up to €1.5 billion in investment for 1 GW of new renewable energy capacity in Ukraine.

According to the official EBRD press release, the mechanism was developed to reduce investor risks in the renewable energy sector — primarily offtake risk. URMM will provide a guaranteed minimum price for electricity producers, giving banks and developers predictable revenues and paving the way for large-scale financing. While Ukraine has significant renewable energy potential, market instability has long held back new projects. This mechanism helps overcome those barriers and turn potential into real opportunity.

What makes URMM unique is that its concept originated from Ukraine’s private renewable energy sector. The initiative was developed by the European-Ukrainian Energy Agency (EUEA) in partnership with the Ukrainian Wind Energy Association (UWEA) and with support from Green Deal Ukraїna project. EBRD has shown leadership in further developing this instrument.

«We are proud that Ukrainian businesses are not only adapting, but also generating solutions embraced by all of Europe. This reflects a mature sense of responsibility and a new role for the private sector in Ukraine’s recovery,» said CEO the EUEA Anastasiia Vereshchynska.

Leading European partners have already confirmed their support for the mechanism:

• The European Union approved €180 million under the Ukraine Investment Framework (UIF);
• The Netherlands announced €12 million in grant funding;
• Germany, Sweden, Norway, and Switzerland are considering joining the initiative.

The mechanism will be open to all financial institutions. Selected projects will receive support through transparent and competitive auctions coordinated by the EBRD.

URMM is a prime example of constructive collaboration, where Ukrainian businesses, international financial institutions, and European donors join forces to overcome systemic barriers in the renewable energy sector and build a new, reliable, sustainable, and decentralized energy infrastructure for Ukraine.

A detailed description of the mechanism’s concept, developed by European-Ukrainian Energy Agency (EUEA) in partnership with the Ukrainian Wind Energy Association (UWEA) and with support from Green Deal Ukraїna project, has been previously published and submitted to the EBRD for further development. This very concept laid the foundation for URMM.

You can access the full concept description via the link .