Chernivtsi Solar LLC, part of the Kernel group of companies, plans to build the largest solar power plant in western Ukraine with a declared capacity of 250 MW in the Kitsman territorial community in Chernivtsi region, according to a report by Molodyi Bukovynets on Monday, citing acting mayor of Kitsman Ivan Semenyuk.
“This is one of the largest strategic initiatives and projects in the community in its entire history (…) All stages of preparation have now been completed, from land issues to agreements with investors,” Semenyuk said.
The SES will be located on an area of 212 hectares, with the first works starting in the spring of 2026.
“At the first stage of the SES construction, the community budget will receive UAH 8.6 million per year. Then the amount will increase to UAH 12 million per year. The lease agreement is concluded for 25 years. In total, the volume of investments will amount to UAH 5 billion,” said the acting head.
According to him, the investor company is currently completing the design stage of the SES and will carry out installation work for the implementation of the first phase in the spring of 2026.
Before the war, the Kernel agricultural holding company ranked first in the world in the production of sunflower oil (about 7% of global production) and its export (about 12%). It is one of the largest producers and sellers of bottled oil in Ukraine. In addition, it is engaged in the cultivation and sale of agricultural products.
In the first nine months of 2025, Kernel increased its net profit by 7% to $218 million, its revenue for the period grew by 19% to $3 billion 92 million, and EBITDA increased by 4% to $398 million.
