Turkish Onur Group plans to build 690 MW of new generating capacity in Ukraine by 2030, investing $450 million in the Ukrainian energy sector, Onur Group’s general manager in Ukraine Emre Karaahmetoglu said in an interview with Forbes Ukraine.
According to him, the company already has 150 MW of solar power plants, which were built before the war and are now successfully operating under a “green” tariff until 2030.
“The construction of 50 MW of solar power plants (SPPs) in the Vinnytsia region is continuing, plus 164 MW of storage (batteries). This is more than $60 million in investments, which we plan to complete by the end of the year — then there will be about 200 MW of solar power and 164 MW of batteries,” he said.
According to the CEO, Onur Group plans to build 120 MW of wind power plants (WPP) in the Zakarpattia region with a budget of about €120 million.
“Other companies are already operating WPPs in the Carpathians — we see prospects. A total of 320 MW of wind power is under development,” he added.
The company is also working on new projects in the Lviv and Volyn regions and is negotiating loans with international financial institutions.
In addition, Onur Group has almost completed the construction of the first phase of a WPP in the Volyn region for OKKO.
“Last week, the first turbine parts were delivered and installation began. The second phase, with a capacity of about 190 MW, is planned next. A total of 340 MW of capacity has been initiated in Volyn, and we, as a Lviv-based construction company, are actively working on this,” Karaahmetoglu said.
As noted in Forbes Ukraine, Onur Group Ukraine is part of the international Onur Group. In June 2025, the Turkish group’s business in Ukraine will include about 40 companies in 12 sectors of the economy, ranging from energy and mining to the hotel and restaurant business.
The group’s consolidated revenue fell by 18% in 2024 to UAH 8.9 billion, compared to UAH 32.4 billion in pre-war 2021.
The company has announced plans to invest $650 million in Ukraine by 2030 and estimates its investments over the previous 20 years of operation at around $570 million.
