Aequo advises Power One and Dragon Capital on a landmark decentralised energy project in Ukraine

We are proud to support Power One and Dragon Capital in structuring and developing one of the most strategically important decentralised energy projects in Western Ukraine. This initiative goes far beyond a single investment project. It represents a new model of energy resilience for Ukraine – combining flexible gas generation, battery energy storage systems (BESS) and renewable sources to create a scalable, bankable and crisis-resistant energy infrastructure. Decentralised facilities will be deployed across multiple locations, strengthening Ukraine’s energy security, reducing systemic risks and supporting economic recovery.

Our team provided comprehensive legal support, including, project structuring, legal due diligence of land plots and assets, regulatory and energy law legal advisory support, as well as assistance with a scalable and investment-ready project structure. By addressing complex regulatory, land and energy law challenges, we ensured the project’s legal robustness and readiness for implementation.

Aequo team comprised Yevheniia Chernetsova (Senior Associate, Real Estate), Oleg Krainsky (Counsel, Finance) and was led by Yulia Kyrpa, Executive Partner of the firm.

“This project is of critical importance for Ukraine’s energy system and its long-term recovery. The combination of decentralized gas generation with energy storage systems creates a resilient solution that strengthens energy security and supports economic reconstruction. Our team highly values the opportunity to work on the Power One and Dragon Capital project, which meets the expectations of international investors and is of significant importance for Ukraine”, said Yulia Kyrpa.