The OKKO Group, which includes the operator of the Galnaftogaz concern’s network of gas stations, plans to commission its first 147 MW wind farm in Ivanychi, Volyn Oblast, by the end of 2025 or the first quarter of 2026, said Vasyl Danylak, CEO of OKKO GROUP holding and co-founder of GORO Mountain Resort.
“I hope that by the end of this year, or possibly in the first quarter of next year, we will commission a 147 MW wind farm, which we are building jointly with the EBRD, IFC, and CDB,” Danylak said during the Kyiv International Economic Forum in Kyiv on Thursday.
According to him, the Group has already “launched” a new wind energy project next to the first one – the 192 MW Zatyrintsy wind farm.
In addition, Danylak noted that OKKO has completed the first phase of its bioethanol plant and is building the GORO Mountain Resort hotel complex at a “good pace.”
“We have built the silo section and completed construction work on the large bioethanol plant itself, and we plan to commission it next year. Our hotel has been under construction for a year now, and progress is very good. I hope that in the coming years we will make a big mark on the tourist map not only of Ukraine but also of Europe,” the head of OKKO shared his plans.
He noted that the Group is motivated to make large investments by new opportunities that have recently opened up.
“On the one hand, the war is a great tragedy that has exposed a number of problems in various sectors, particularly in energy. It turned out that the huge Soviet energy facilities were vulnerable. Therefore, the government and the Ministry of Energy set a course for decentralization of power generation. This is absolutely right. At that time, we had a shrinking fuel market and decided to work in related industries,” explained Danylyak.
He cited the transparency of the company’s activities, the clear fulfillment of its obligations, and a professional, motivated team as the keys to OKKO’s success and active cooperation with international financial organizations.
As reported, over the next five years, OKKO plans to have approximately 600 MW of capacity in wind energy, 200 MW in solar energy, and 150 MW in energy storage facilities (ESF).
In particular, the OKKO Group is building the 147 MW Ivanychi WPP in the Volyn region with a total cost of EUR 225 million (excluding VAT) and is seeking financing for its second wind energy project in this region – the 192 MW Zatyrintsy WPP, which is estimated at EUR 250 million (excluding VAT).
The Group also won a five-year special auction held by NPC Ukrenergo for the provision of power system balancing services, in which it announced the installation of a 20 MW energy storage facility (ESF). The commissioning of the ESF was announced in April.
In addition, the group plans to open a new 60,000-tonne elevator by autumn 2025 and a bioethanol plant in summer 2026. An important component of OKKO’s agricultural portfolio is its partnership with the Gadz-Agro enterprise in the Ternopil region, in which the company acquired a stake in 2023. The company cultivates 26,000 hectares of land and has about 10,000 head of cattle, of which 5,000 are dairy cows. It is also one of the largest horticultural farms in Ukraine, but OKKO has decided not to integrate the horticultural part of the business.
OKKO Group unites more than 10 diverse businesses in the fields of manufacturing, trade, construction, insurance, services, and other services. The flagship company of the group is Halnaftogaz, which operates one of the largest petrol station chains in Ukraine under the OKKO brand, with almost 400 petrol stations.
The founder and ultimate beneficiary of the group is Vitaliy Antonov.
The Antimonopoly Committee of Ukraine (AMCU) has granted permission to Vitaly Antonov’s Vi.An Holding Limited (Limassol, Cyprus) to acquire control over Kairos Holding LLC, the AMCU press service reported on Facebook.
“The decision to acquire is a logical continuation of our development strategy in the agricultural sector and expansion of the land bank. The interest in Ternopil and Rivne regions, where the land bank of the above-mentioned company is concentrated, is due to both favorable natural and climatic conditions and better yields compared to other regions of Ukraine,” the corporate communications department of OKKO Group commented on the AMCU’s decision.
The company also reminded that it is completing the construction of an elevator with a storage capacity of 60 thousand tons, and a bioethanol plant is under construction, which is expected to start production in the second half of 2026. The facilities are designed to produce 85 thousand tons of bioethanol per year, both for domestic needs and for sale to foreign markets.
In addition, OKKO called the partnership with Gadz-Agro (Ternopil region) an important component of its agricultural portfolio, with which the company is developing agricultural production.
Kairos Holding LLC was founded in 2024 in Lviv. The company specializes in growing cereals, legumes and oilseeds, organizing the construction of buildings, intermediary in the trade of a wide range of goods, wholesale of solid, liquid and gaseous fuels, etc.
According to the Opendatabot service, in 2024, the company received revenue of UAH 1.543 million, a net loss of UAH 1.136 million, has debt obligations of UAH 857.395 million, and assets are estimated at UAH 856.31 million. The authorized capital is UAH 50 thousand. The company employs 1 employee. The beneficiaries are businessmen Bohdan Kuspis and Ivan Kotsyo, who own a number of bakery plants in Lviv and Vinnytsia, restaurants, construction companies, etc.
OKKO Group unites more than 10 diversified businesses in manufacturing, trade, construction, insurance, maintenance and other services. The flagship company of the group is Galnaftogaz, which operates one of the largest filling stations in Ukraine under the OKKO brand, with about 400 filling stations.
The group’s founder and ultimate beneficiary is Vitaliy Antonov.
The OKKO Group plans to fully launch a EUR110 million bioethanol plant in the third quarter of 2026, according to the group’s CEO Vasily Danilyak.
“This year, we plan to complete the elevator and warehouse complex, which will enable us to receive corn from our cluster. We plan to fully launch the plant in the third quarter of 2026,” Danilyak said during the We Build Ukraine conference on Thursday, which was broadcast online.
He noted that total investment in the plant during 2024-2026 will amount to EUR 110 million, of which EUR 35 million will be the group’s own contribution and EUR 75 million will be debt financing. Of this, EUR 60 million was provided by the EBRD for a term of nine years, and another EUR 15 million by Raiffeisen Bank Ukraine for a term of seven years.
According to Danilyak, the plant’s annual capacity for bioethanol, demand for which is growing with the mandatory addition of 5% of this alcohol to motor gasoline from May 1, 2025, is 83,000 tons, and for animal feed – 70,000 tons. The plant’s annual capacity for corn processing is 270,000 tons.
As reported, in June 2024, the European Bank for Reconstruction and Development (EBRD) and OKKO signed a EUR60 million loan agreement at the Ukraine Recovery Conference in Berlin for the construction of a new bioethanol plant in Ukraine.
OKKO Group unites more than 10 diverse businesses in the fields of manufacturing, trade, construction, insurance, services, and other services. The group’s flagship company is Galnaftogaz, which operates one of the largest petrol station chains in Ukraine under the OKKO brand, with around 400 petrol stations. The founder and ultimate beneficiary of the group is Vitaliy Antonov.
OKKO Group plans to fully launch a bioethanol plant worth EUR110 million in the third quarter of 2026, said Vasyl Danyliak, CEO of the group.
“This year we are going to fully commission the elevator and warehouse group and will be able to accept corn from our cluster. In the third quarter of 2026, we plan to fully launch the plant,” Danyliak said during the We build Ukraine conference on Thursday, which was broadcast online.
He noted that the total investment in the plant over 2024-2026 is EUR110 million, of which EUR35 million is the group’s own contribution and EUR75 million is debt financing. Of this, EUR60 million was provided by the EBRD for a period of nine years, and another EUR15 million by Raiffeisen Bank Ukraine for a period of seven years.
According to Danyliak, the annual capacity of the plant for bioethanol, the need for which is growing with the mandatory addition of 5% of this alcohol to motor gasoline from May 1, 2025, is 83 thousand tons, for livestock feed – 70 thousand tons, for corn processing – 270 thousand tons.
As reported, in June 2024, the European Bank for Reconstruction and Development (EBRD) and OKKO signed a EUR 60 million loan agreement for the construction of a new bioethanol plant in Ukraine at the Ukraine Recovery Conference in Berlin.
OKKO Group unites more than 10 diversified businesses in production, trade, construction, insurance, maintenance and other services. The flagship company of the group is Galnaftogaz, which operates one of the largest filling stations in Ukraine under the OKKO brand, with about 400 filling stations.
The group’s founder and ultimate beneficiary is Vitaliy Antonov.
