Wind solar storage project financing options in Ukraine 2026

Will a wind power project boost Ukraine's energy security?

An international finance package will bring €157 million of project finance debt to a private wind power project that aims to boost Ukraine’s energy security.

How will IFC help boost Ukraine's energy security?

Stay Connected with IFC on social media. An international finance package will bring €157 million of project finance debt to a private wind power project that aims to boost Ukraine’s energy security. One of the first greenfield private projects in Ukraine’s power sector since the beginning of Russia’s invasion of Ukraine in 2022.

Will Okko invest in wind power plants in Ukraine?

The loans will support OKKO to construct and operate wind power plants in Ukraine with a combined capacity of 147 MW. The plants are expected to generate at least 380 GWh of renewable zero carbon electricity annually, resulting in carbon dioxide emission savings of approximately 245,000 tons per year.

How much does wind power GSI Volyn project cost?

The total cost of the project is estimated at €225 million (excluding VAT), with the rest to be met by equity from the project sponsor, GNG Group or Galnaftogaz, widely known in Ukraine as OKKO Group. The loans are to Wind Power GSI Volyn LLC and Wind Power GSI Volyn 3 LLC, special purpose vehicles incorporated in Ukraine.

How does IFC support Ukraine's private sector?

Since February 2022, IFC has delivered $2.2 billion to support Ukraine's private sector, including $760 million in mobilization, through its Economic Resilience Action (ERA) Program for Ukraine.

Is Ukraine a smart investment at a critical time?

“This is a smart investment at a critical time. It boosts Ukraine’s energy security and supports its shift to renewables. The EU is glad to help make it happen,” said Stefan Schleuning, Head of Cooperation at the EU Delegation to Ukraine.