About us
ELQ Investments is an investment and development platform dedicated to the structural reconstruction, modernization, and long-term expansion of Ukraine’s energy sector. Our core mandate is to reinforce Ukraine’s energy security, sovereignty, and resilience through the rapid deployment of scalable, standardized, and diversified infrastructure projects. By transitioning high-quality assets from development stages into operating infrastructure, we actively address the country's immediate power deficit while establishing a bankable, future-proof asset base aligned with European energy markets.
Mission & Vision
Our Mission To reinforce Ukraine’s energy security, sovereignty, and resilience through the rapid deployment of scalable, standardized, and diversified infrastructure projects. ELQ Investments is dedicated to transitioning high-quality assets from the development and Ready-to-Build (RTB) stages into operating infrastructure, directly addressing the country’s immediate peak generation deficit while establishing a bankable asset base.
Our Vision To establish an integrated, decentralized, and multi-technology energy ecosystem exceeding 1.1 GW in scale, engineered to withstand external disruptions and serve as a catalyst for macroeconomic stabilization. We view Ukraine not merely as a market requiring reconstruction, but as a future strategic hub for regional energy transformation and a vital component of the European energy network.
By implementing EU-aligned corporate governance, robust risk-mitigation frameworks, and strict institutional reporting standards, ELQ Investments operates as the premier platform uniting international capital, development finance institutions (DFIs), and advanced engineering expertise to build a secure, European-integrated energy future.
Strategic Context
Scalability and Asset Ecosystem Optimization
ELQ Investments operates on an integrated, platform-level logic rather than a collection of isolated single assets. Our model is structured around replicable, institutional-grade frameworks designed for rapid deployment and centralized capitalization across multiple regions. This approach ensures consistency in project execution, predictable deployment schedules, and streamlined value creation as assets move from the development stage into full operation.
Standardization and Execution Readiness
By leveraging high-quality assets at the Ready-to-Build (RTB) stage, we dramatically compress traditional infrastructure development cycles. Our base-case portfolio of 14 RTB projects features pre-assembled development prerequisites, including secured land rights, environmental clearances, and technical grid connection conditions. This advanced technical readiness eliminates development bottlenecks, minimizes capital overruns, and enables near-term construction and commissioning to address immediate power generation deficits.
Advanced Technological Integration
The platform deliberately balances multiple complementary technologies to optimize portfolio performance and mitigate concentration risk. We integrate large-scale solar PV and wind generation with highly dispatchable assets, including biomethane advanced anaerobic digestion, high-efficiency cogeneration, and utility-scale Battery Energy Storage Systems (BESS). This multi-technology approach provides essential flexibility, captures diverse revenue streams across wholesale and ancillary services markets, and structures the ecosystem to align seamlessly with the progressive synchronization of the European energy architecture.
Resilience, Risk Mitigation, and Structural Security
Operating within a complex geopolitical environment, ELQ Investments prioritizes structural risk separation and capital protection. Each asset is executed through an independent, ring-fenced Ukrainian Special Purpose Vehicle (SPV) to isolate operational risks. Our phased implementation model reduces peak upfront capital pressure, allowing operational cash flows from early-stage projects to support later development phases. Combined with a comprehensive risk mitigation framework—encompassing currency indexing, lender engagement, and robust institutional governance—the platform guarantees continuity of supply, operational resilience, and stable infrastructure-grade cash flows.
Institutional Partner Ecosystem
Our execution capability is reinforced by a multi-layered network of global technology leaders, international legal advisers, and local operational specialists. Backed by the industrial and EPC capabilities of the ELQ S.A. Group, we collaborate with Tier-1 partners such as BDO, Asters, Brodies LLP, KNESS, UTEM, and Witkowitz. This cooperative framework ensures that all projects meet strict bankability standards, comply with rigorous ESG criteria, and remain strategically aligned with international development finance institutions (DFIs) driving the macroeconomic stabilization and long-term reconstruction of Europe’s energy landscape.
Approach
The Structural Imperative for Reconstruction The widespread destruction of infrastructure has resulted in the availability of less than 10 GW of generation capacity, down from 54.5 GW in 2014. This severe deficit creates an estimated peak winter shortage of approximately 6 GW, presenting a systemic threat to macroeconomic stability, industrial operations, and regional security. Given that the total recovery and modernization needs of the energy sector are estimated at USD 90.6 billion, addressing this crisis is an absolute strategic necessity that requires scale, capital efficiency, and swift execution.
Bridging Urgent Recovery and Infrastructure Transformation ELQ Investments operates at the intersection of critical short-term deployment and long-term asset capitalization. Our approach moves beyond simple restoration; we leverage the current market dislocation as a catalyst to deploy a modernized, decentralized, and resilient generation model. By integrating utility-scale Battery Energy Storage Systems (BESS), advanced anaerobic biomethane digestion, and high-efficiency cogeneration alongside baseline solar and wind assets, the platform addresses immediate energy shortfalls while structurally upgrading the grid architecture.
Allying with European Standards and Institutional Finance To ensure absolute alignment with the European energy market, the platform is structured around an institutional holding framework in Estonia (ELQ Investments OÜ) backed by robust local execution platforms and ring-fenced project SPVs in Ukraine. This architecture guarantees EU-aligned corporate governance, absolute capital transparency, and a strict risk-mitigation framework designed to satisfy the rigorous bankability standards of international development finance institutions (DFIs).
Through this model, we transition projects rapidly into cash-generative operating infrastructure, positioning Ukraine as a highly competitive, secure, and fully integrated hub within the broader European energy architecture.
Leadership & Expertise
ELQ Investments is directed by an executive assembly combining strategic investment leadership, emerging-market execution, international corporate finance, and specialized energy law. The leadership architecture is specifically structured to govern the entire asset lifecycle: from platform capitalization and M&A structuring to local regulatory alignment and infrastructure execution in Ukraine.
PhD Marcin Sołtysiak
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Strategic investor and 95% shareholder of ELQ S.A., CEO of ELQ S.A., a public company listed on the Warsaw Stock Exchange. He has over 30 years of experience in strategic investments, renewable energy, and international market expansion. As the majority investor in ELQ S.A., he transformed the company into a leading provider of energy infrastructure solutions, driving its growth and positioning it as a trusted partner for global projects.
PhD Marcin Sołtysiak builds and manages a portfolio of investment projects in Ukraine, including assets in the renewable energy sector worth over €1 billion. His expertise covers scaling energy businesses, structuring innovative financing models, and delivering long-term value to institutional investors. He has been recognized with multiple awards such as the European Medals, Forbes Diamonds, Eagle of Polish Entrepreneurship, and Manager of the 20th Anniversary Award. Today, he is widely regarded as a leading voice in sustainable energy investments and global infrastructure development.
Michał Stanek
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Halina Lubas, EMBA
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John Moran
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Vasyl Oleshchenko
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Yaroslav Petrov
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Yaroslav Petrov is a Partner, Head of London office and Co-Head of the Energy & Natural Resources Practice at Asters, the largest full-service law firm in Ukraine. He has over 15 years of experience advising clients on energy law projects, including electricity, renewable energy, oil & gas, and the green transition.
Yaroslav served as Co-Chair of the Legal Committee of the Ukrainian Wind Energy Association and American Chamber of Commerce Renewable Energy Committee and is a member of the roster of experts of the Energy Community. He is recognised as a leading energy lawyer by The Legal 500: EMEA, Chambers, IFLR1000, Lexology Index, and Ukrainian Law Firms: A Handbook for Foreign Clients.
This leadership team anchors ELQ Investments in institutional credibility, rigorous corporate governance, and technical delivery capacity. By integrating decades of cross-disciplinary expertise, the team ensures that every platform initiative adheres to international standards of transparency, capital accountability, and structural impact.
Beyond the delivery of individual energy assets, this executive framework provides the systemic resilience necessary to navigate complex geopolitical landscapes. By aligning global financial standards with deep local operational insights, the team bridges the critical gap between Ukraine’s immediate post-war recovery requirements and its long-term strategic transformation into a stabilized, European-integrated energy hub.
Institutional Partner Ecosystem
Partnerships form the core of the ELQ Investments operational model, facilitating a coordinated approach to the scale and urgency of Ukraine’s energy reconstruction. We have engineered a multi-layered ecosystem of global technology leaders, multilateral institutions, and local operational specialists to convert diverse expertise into a unified, bankable framework of action.
Key Collaborative Domains
Technical & EPC Execution
We engage industry specialists including UTEM, KNESS, and SPP Development Ukraine for energy engineering, technical consulting, and operational implementation.
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ELQ Ukraine provides the foundational infrastructure for stakeholder coordination, regulatory permitting, and on-the-ground operational presence.
Financial Modelling & Valuation
BDO supports the integrity of our M&A processes, corporate structuring, and investment documentation, ensuring full transparency in capital allocation.
Legal & Transaction Advisory
We leverage the expertise of Asters and Brodies LLP to govern cross-border legal frameworks and protect corporate rights throughout the investment lifecycle.
Industrial & Engineering Partnership
Witkowitz provides critical industrial capacity, engineering support, and complex infrastructure delivery expertise.
Strategic Reconstruction & Advanced Technology:
We operate within a broader network including the Ukraine Recovery Fund for institutional positioning and Czechatom for long-term technology support, including SMR-related strategic directions.
Financial Modelling & Valuation
BDO supports the integrity of our M&A processes, corporate structuring, and investment documentation, ensuring full transparency in capital allocation.
Legal & Transaction Advisory
We leverage the expertise of Asters and Brodies LLP to govern cross-border legal frameworks and protect corporate rights throughout the investment lifecycle.
By acting as a central platform for collaboration, ELQ Investments bridges the gap between private-sector innovation and national reconstruction priorities. This institutional network ensures that our ecosystem meets the highest bankability standards, comply with rigorous ESG criteria, and deliver systemic economic and social benefits that are fully aligned with the long-term stabilization of Europe’s energy landscape.