...

Onur Group Targets 690 MW of New Renewable Capacity in Ukraine by 2030

by Roman Cheplyk
Tuesday, June 10, 2025
2 MIN
Onur Group Targets 690 MW of New Renewable Capacity in Ukraine by 2030

Turkish developer to invest US $450 million in solar, wind and battery projects—part of a US $650 million country plan.

Current Footprint

Asset Capacity Status Notes
Pre-war solar portfolio 150 MW Operational FIT secured to 2030
Vinnytsia SPP 50 MW + 164 MW BESS Under construction Completion Q4 2025
Volyn WPP (stage 1 for OKKO) 150 MW Turbine installation under way Stage 2 to lift site to 340 MW

Expansion Pipeline to 2030

Location Technology Planned Capacity CapEx Estimate
Vinnytsia Solar + storage 50 MW PV + 164 MW BESS (in progress) US $60 m
Transcarpathia Wind 120 MW €120 m
Carpathian region (various) Wind 320 MW (aggregate) n/a
Lviv & Volyn (new sites) Solar / Wind To be disclosed n/a

Total new capacity: 690 MW
Total investment: US $450 million (energy segment)—within a broader US $650 million Ukraine programme.


Financing & Partnerships

  • Engaged with international financial institutions for long-term debt packages.

  • Acts as EPC and equity investor; leverages 20 years of construction experience in Ukraine.


Strategic Rationale

  • Grid resilience: Coupling PV and wind with large-scale batteries mitigates wartime intermittency and bolsters regional stability.

  • Carpathian wind corridor: Underserved high-wind zones offer above-average load factors.

  • Post-war demand: Anticipated surge in industrial consumption and EU-linked green-power offtake.


Corporate Snapshot

  • Onur Group Ukraine: ~40 subsidiaries across 12 sectors; 2024 revenue UAH 8.9 bn (-18 % YoY).

  • Historical investment: ~US $570 m (2004-2024).

  • 2030 outlook: Cumulative investment to top US $1.2 billion when current pipeline is executed.


Onur Group’s capital commitment underscores international appetite for bankable renewables in Ukraine, even under elevated security risk—signalling confidence in long-term power-market fundamentals and reconstruction-driven demand.

You will be interested