Asters, Brodies LLP and UWEA host webinar on international partnership models in the wind energy sector

On 15 June 2026, Asters, together with Brodies LLP (United Kingdom) and the Ukrainian Wind Energy Association (UWEA), hosted a webinar "International Best Practices on Joint Ventures (JVs) and Joint Development Agreements (JDAs) in the Wind Energy Sector”. The event brought together market participants to explore effective cooperation models between investors and local developers — a topic of particular relevance in the context of Ukraine’s future energy system reconstruction.

Opening the webinar, Asters' Partner Yaroslav Petrov highlighted the evolving approach to partnerships in Ukraine’s wind energy market and emphasised the growing importance of early-stage capital involvement:

“The Ukrainian market is evolving. While investors traditionally entered projects at the ready-to-build stage, we are now seeing a clear shift towards early-stage partnerships. Our goal is to demonstrate effective international cooperation models that enable developers to attract investors from the earliest stages of project development.”

During his presentation, he outlined the key drivers behind partnerships between investors and local developers, compared JV and JDA structures, explained their application across different stages of the project lifecycle, and shared international best practices for structuring such partnerships.

The second part of the webinar focused on the commercial structuring of partnerships and risk allocation in JV arrangements. Asters' Counsel Maksym Tereshchuk emphasised the importance of agreeing financial terms at an early stage: “When establishing a joint venture, it is essential to define not only the initial shareholding structure but also clear rules governing future financial commitments. The parties should agree in advance on mechanisms for raising additional funding to ensure project stability and mitigate the risk of unfair dilution of the local developer’s stake.”

He also addressed key commercial terms, approaches to risk allocation, as well as governance and control mechanisms within joint projects.

The closing session was delivered by Keith Patterson, Partner at Brodies LLP, who explored the application of English law to cross-border energy transactions. He emphasised the importance of properly translating commercial arrangements into legal frameworks:

“In cross-border transactions, commercial intentions are inevitably accompanied by complex negotiations. The key challenge is to accurately translate these into legal mechanisms. The shareholders’ agreement between the investor and the developer serves as the core instrument that structures the relationship, ensures transparency, and safeguards the parties’ interests.”

He also highlighted common risks and pitfalls in JV and JDA structures under English law and provided practical recommendations for Ukrainian developers.

The webinar's recording is available here.