The EBRD will provide €21.1M for a distributed generation project in Ukraine and may invest in a wind farm that OKKO plans to build in 2026.

The European Bank for Reconstruction and Development (EBRD), investment firm Dragon Capital, and energy company Negen have signed an agreement stating that the EBRD will offer €21.1M in loan financing for the future implementation of the Power One project. This initiative aims to create a diverse portfolio of distributed electricity generation facilities in Ukraine, combining flexible gas power, energy storage systems, and renewable energy sources. Dragon Capital considers investment in the energy sector as a key growth area for the company.

Also, the OKKO group will begin constructing a wind farm with an estimated capacity of 192 MW in 2026, with a total project cost of around €300M. The project will be financed through a mix of borrowing and OKKO’s internal funds. The wind farm is expected to reach full capacity by 2028. Both the IFC and the EBRD are exploring options to participate in financing the project.