On 4 February 2025, Oschadbank reported that it had concluded a number of agreements with the Eco-Optima group of companies for the implementation of the project to build the “Sokal” wind farm with a capacity of 39.9 MW in the Lviv region.
The “Sokal wind farm” project envisages the installation of 7 modern wind turbines, manufactured by the German company NORDEX, a member of UWEA. It is expected that the station’s total generation of “green” electricity will amount to about 122 million kWh per year.
Zinovii Kozytskyi, owner of the ECO-OPTIMA group of companies and a member of the UWEA Board: “The construction of a wind farm is an important project for the state, because after russia’s deliberate destruction of part of Ukraine’s energy sector, the construction of new power plants is an indispensable stage of recovery, especially when it comes to the construction of environmentally clean power plants. I want to emphasise that we managed to implement the signing of the loan agreement with Oschadbank in extremely short terms, in fact within 2.5 months, which is a record result for project financing. I consider this a very successful start to active cooperation between the ECO-OPTIMA group of companies and Oschadbank. We still have a lot of work ahead of us, but the first main step has been taken”.
The total amount of financing provided by Oschadbank is €40 million and includes, in addition to lending, also the provision of an irrevocable confirmed “green” letter of credit in the amount of over €23 million, with the participation in the deal of the partner bank, the EBRD.
Yurii Katsion, Deputy Chairman of the Board of Oschadbank, responsible for corporate business: “The construction of the Sokal wind park will be of great significance both for the community and for the entire country. The project, the implementation period of which will be a little over a year, will have a positive impact on the country’s energy balance in terms of restoring the generation capacities destroyed by russia, and is also an important step for “greening” the energy mix. And for the Sokal community, the operation of the wind farm will provide additional jobs, revenues from land-use payments and an alternative source of electricity; in addition, the construction will contribute to the development of road infrastructure. Thus, the comprehensive impact of the investments made becomes much broader than just the implementation of a business plan, and this is truly inspiring”, – he commented on the signing of the agreement.
UWEA sincerely congratulates the companies Eco-Optima and NORDEX, as well as Oschadbank, on this important step on the path to the development of wind energy in Ukraine! This project is another proof that the restoration of Ukraine’s energy independence is impossible without renewables and without wind. We wish a successful implementation of the project and new ambitious achievements on the path to Ukraine’s “green” future!
Andriy Konechenkov, Chairman of the UWEA Board: “The development of wind energy is not only an economic solution, but also a strategic contribution to strengthening Ukraine’s energy security. The Sokal wind farm is a symbol of resilience and recovery, demonstrating how international partnership, a professional approach and the support of financial institutions can accelerate the transformation of Ukraine’s energy sector. We welcome this significant step and hope that it will become an example for further successful investments in the wind energy of our country”.
