We develop, own and operate large-scale renewable energy projects with a focus on sustainability, low environmental impact and community engagement.

Our Story

Since our establishment in 2018, our focus has been on developing solar plants in Ukraine with approximately 540 MW in current operation.

We have recently expanded into wind power and are actively pursuing other renewable projects across the CEEMEA region.



To provide reliable clean energy via sustainable and renewable sources.



  • Clean, renewable energy is poised to become the world’s primary source of electricity.
  • Renewable energy combined with widespread electrification will be the path to de-carbonization.
  • Helping to deliver this future is both a business and social mission for us.




We aim to lead in the transition to a sustainable energy future. Our highly-skilled and motivated workforce pushes boundaries to solve complex renewable energy challenges.


The energy chain is built on reliability.  We deliver on our commitments to provide clean, reliable power. Our corporate culture is built on transparency and accountability. We work with partner governments, contractors and customers in a collaborative and constructive manner.


Technological change drives continual efficiency improvements in clean energy production. Our engineering and development teams operate on the basis of continuous improvement and early adoption of emerging trends in equipment, design and operation for and of renewable energy facilities.


Our team of managers, engineers and technicians have demonstrated a clear ability to consistently execute on complex renewable energy installations efficiently and expeditiously. In the past two years, in addition to commissioning 28 solar plants, our first wind project, the 40 MW Dnistrovsky Wind Power Plant, is scheduled for commissioning in Q1-2021. Further development projects are moving through our assessment process towards final investment decision.



Our founder and shareholder is VR Global Partners, L.P., a highly-regarded and established London and New York-based institutional investor in emerging markets for over 20 years. VR brings solid financial capacity and analytical know-how to support our capital deployment. With its reputation for integrity and financial strength, we believe that VR’s backing provides us with a key competitive advantage.  Click here to visit the VR website.


Richard Deitz

Richard is the Founder and President of VR Capital Group. He is based in London and leads the investment activities of the firm. Prior to VR Capital Group’s founding in November 1998, he was a founding Partner and Head of Fixed Income Trading at Moscow-based investment bank, Renaissance Capital Group. Previously, he was a Managing Director at Credit Suisse responsible for the North American structured fixed income derivatives business (1990-1994) and for developing the firm’s Russian and Eastern European derivatives business (1994-1995). He began his career at The First Boston Corporation (now Credit Suisse) in New York in 1987. He graduated from Yale University, magna cum laude, in June 1987, with dual B.A. degrees in history and economics with distinction in both majors.

Emile du Toit

Emile is the Chief Financial Officer of VR Capital Group which he joined in June 2007. He is based in London and leads VR’s accounting, finance and audit functions. Prior to being named CFO in January 2014, he served as Finance Manager. He was a VR account manager at Admiral Administration in the Cayman Islands. He also worked in South Africa at Nedbank (2003-2005) as a Group Financial Accountant and PriceWaterhouseCoopers in the audit group (1998-2002). He earned a Bachelor of Commerce (Honors) in accounting from the University of South Africa in 2005 and qualified as a CPA (SA) in 2006.