The International Finance Corporation (IFC) is considering providing a EUR42 million long-term loan to Volyn West Wind-2 LLC and Volyn West Wind-3 LLC, which are majority-owned by VI.AN Holding, a member of the OKKO Group, to finance the construction and operation of a 189-MW wind farm in Ukraine.
As noted in the bank’s materials, the possibility of providing the loan will be considered at a meeting of the IFC Board of Directors on June 15, 2026; the total estimated cost of the wind farm construction project is EUR262 million.
“The IFC’s additional role encompasses both financial and non-financial aspects. On the financial side, the IFC provides support in structuring a long-term financing package, which may include lending from its own funds, concessional financing, first-loss guarantees, and the mobilization of parallel loans,” the corporation stated.
At the same time, on the non-financial side, IFC is strengthening the project’s financial sustainability by providing support in assessing the electricity market. In addition to support during the pre-investment phase, IFC will provide technical guidance to enhance the project’s capacity to manage environmental and social risks in accordance with IFC performance standards.
As reported, the IFC loan will be part of the project’s secured debt financing, which also involves the European Bank for Reconstruction and Development (EBRD) and the Black Sea Trade and Development Bank (BSTDB).
OKKO Group brings together more than 10 diverse businesses in the fields of manufacturing, trade, construction, insurance, services, and other sectors. The group’s flagship company is the Galnaftogaz concern, which operates one of Ukraine’s largest gas station networks under the “OKKO” brand, comprising approximately 400 gas stations.
The founder and ultimate beneficiary of the group is Vitaliy Antonov.
As reported, in April 2025, the EBRD, IFC, and CEB announced a EUR157 million loan to the “Galnaftogaz” group for a wind farm in the Volyn region.
