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, our focus has been on developing solar plants in Ukraine with approximately 540 MW in current operation.
In 2021, we added to our assets Dnistrovska WPP, 100 MW: Phase I, 40 MW was commissioned in May 2021, launch of Phase II, 60 MW is scheduled for 2022, but due to the full-scale invasion was postponed.


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 main 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 is driving rapid efficiency gains 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 addition to commissioning 28 solar plants over two years, we hit our goal to commission our first wind project, the 40 MW Dnistrovska WPP, in Q1-2021. Further development projects are moving through our assessment process towards final investment decision.



VR Global Partners, L.P., our founder and shareholder, is a highly-regarded and established London and New York-based institutional investor in global 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.


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. A seasoned investor with deep experience in emerging markets, Richard previously was a co-founder and Partner at emerging markets investment bank, Renaissance Capital, where he served as Head of Fixed Income Trading. Previously, he was a Managing Director at Credit Suisse. He graduated from Yale University, magna cum laude, in June 1987, with dual B.A. degrees in history and economics. He is father to three boys and passionate about introducing them to the outdoors and an active lifestyle.

Martin Mojžiš

Martin Mojžiš is a Managing Director and Head Investment Counsel and joined VR Capital Group in April 2018. Mr. Mojžiš is based in London and primarily focuses on investment-related legal and transactional matters. Mr. Mojžiš had previously been seconded to VR Capital Group from White & Case, where he was a senior associate in their London Capital Markets Group focusing on debt and equity capital markets transactions, restructurings and liability management transactions. He completed undergraduate and graduate degrees in Law at Comenius University in his native Slovakia, an LL.B. (Honors) from the University of London in 2011 and an M.Sc. in law and accounting from the London School of Economics and Political Science in 2012.

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.