The International Finance Corporation (IFC), a member of the World Bank Group, has decided to provide a EUR 70 million loan for the construction of a 120 MW wind farm in the Odesa region with a total cost of EUR 231 million.
“IFC is supporting the project during the pre-investment phase to enhance its financial attractiveness, particularly with regard to electricity market analysis and power purchase agreements,” the corporation stated on its website.
The project is expected to receive support from partners of the Action Program for Enhancing Ukraine’s Economic Resilience (“ERA Program”), including the Norwegian Agency for Development Cooperation (NORAD), the Government of the French Republic, and the European Commission under the Ukraine Investment Facility (EC-UIF), as noted in the “Blended Finance” section
According to the corporation, the project is being implemented by a specialized company registered in Ukraine.
At the same time, according to the IFC, the project is majority-owned by the German company Notus Energy GmbH, which operates more than 1.6 GW of wind power capacity worldwide. The project’s shareholder structure also includes minority shareholders in the form of Horizon Capital, a private investment firm operating in Ukraine and Moldova, through its recently established Catalyst Fund and Green for Growth Fund.
As explained by the IFC, the additional benefits of the corporation’s participation in this project are both financial and non-financial in nature. In particular, the financial value stems from the financing structure, as the IFC is providing a loan with a maturity of up to 17 years. The IFC will also help attract additional financing for the project.
“The non-financial value lies in reducing non-commercial risks, as the IFC’s presence is expected to boost investor confidence in a challenging market,” the corporation noted.
IFC is also providing technical support to help the project enhance its financial attractiveness, particularly in terms of market analysis and power purchase agreements.
Horizon Capital manages six private equity funds (with over 40 institutional investors) totaling $1.6 billion in assets, including WNISEF ($150 million), the Emerging Europe Growth Fund (EEGF, $132 million), EEGF II ($370 million), EEGF III ($200 million), HCGF II ($258.3 million), and HCGF IV ($350 million). The funds have invested in 191 companies, which employ over 80,000 people in Ukraine and Moldova.
As previously reported, on June 17, the European Bank for Reconstruction and Development (EBRD) also approved a decision to provide a loan of up to EUR 65 million for the construction of the aforementioned 120 MW wind farm in the Odesa region.
IFC, Notus Energy, ODESA REGION, RENEWABLE ENERGY, WIND FARM
Farmers in the Odesa region were the first in Ukraine to begin the harvest; specifically, the harvest of winter barley and peas has begun, according to Oleg Kipper, head of the Odesa Regional Military Administration.
“The initial results of the harvest indicate good yields. This allows us to view the prospects for this year’s harvest campaign with optimism,” Kipper noted.
According to his data, farmers in the Odesa region are expected to harvest grains and legumes from nearly 770 thousand hectares this year. As is traditional, winter and spring wheat account for the largest share of the crops—over 522,000 hectares. Barley covers nearly 176,000 hectares, peas—about 74,400 hectares, and rapeseed—over 175,000 hectares.
As previously reported, a total of about 11.3 million hectares were sown with winter and spring grains and legumes in Ukraine this year, while total oilseed crops covered more than 20 million hectares.
The Tekom Agro Group agricultural association (Odesa region) has started its 2026 spring sowing campaign with the sowing of red lentils, according to a post on its Facebook page on Tuesday.
It is noted that the first to start work were two farms of the association: Chornomorets LLC and Pivdenna Agricultural Company. In total, more than 1,000 hectares have been allocated for red lentils in four farms of the group.
“The temperature of +15°C allows us to start this year’s spring sowing. There is still enough moisture in the soil. In the Odessa region, in particular, where Chornomorets LLC operates, we are sowing lentils for the first time, and about 300 hectares are planned for this crop,” said Sergey Shtyrbulov, deputy head of production at Tekom Agro Group, whose words are quoted in the report.
According to the company, the Canadian variety Maxim (predecessor — winter wheat) was selected for sowing. The work is being carried out using John Deere sowing complexes with simultaneous fertilizer application.
Tekom Agro Group is a management company of an agricultural association in the Odesa region that operates according to a vertically integrated model. The holding’s land bank is over 26,000 hectares, on which the agricultural companies Yasni Zori, Pivdenna, Chornomorets, and Lyman operate. It specializes in growing winter wheat, barley, and rapeseed, as well as sunflowers and lentils.
The storage infrastructure consists of two elevators in the Podilskyi district — Podilskyi Grain Processing Enterprise and Chubivskyi Bread Products Plant — with a total one-time storage capacity of 100,000 tons. The enterprises are equipped with grain dryers and have their own certified laboratories. Chubivsky KHP has a seed line that provides the group’s farms with planting material.
According to YouControl, the founders of Tekom Agro Group are Yuriy Rodin and Mark Becker.
The Cabinet of Ministers of Ukraine has included the 21.61-hectare NEXUS Odessa project in the Nerubayskaya territorial community of the Odessa region in the Register of Industrial Parks, according to the Ministry of Economy. The initiators of the project are Ecosstandard Service LLC, owned by businessman Lev Partskhaladze and Georgiy Tsagareishvili.
The park will focus on the production of food and beverages, machinery and equipment, metal structures and products for construction, building materials, and projects in the field of alternative energy. It is planned to create about 1,000 jobs.
The project involves attracting more than UAH 747.7 million from various sources: own investments, funds from the management company, state incentives, private financing, and contributions from future participants. The initiator has allocated about UAH 60 million of its own funds for the initial stage in 2025–2028.
Ekostandart Service LLC was registered in December 2014 with a statutory capital of UAH 12.66 million. Its main activities are the collection, processing, disposal, and recovery of safe waste. The ultimate beneficiaries are Lev Partskhaladze and Georgiy Tsagareishvili.
The term of the park’s creation is 30 years. The decision was made on November 13. Taking into account new projects, there are 109 objects in the Register of Industrial Parks.
The Department of Enforcement of Decisions of the State Enforcement Service of the Ministry of Justice of Ukraine has put up for sale on OpenMarket a plant for the production of instant coffee and coffee products located in Chornomorsk, Odesa region.
The facility is being sold within the framework of enforcement proceedings.
The facility includes:
Address of the facility: 14A, Promyslova Street, Chornomorsk (formerly Illichivsk), Odesa region.
Starting price of the lot (№573261): UAH 78,484,341.
The auction is scheduled for May 12, 2025.
“We continue to provide opportunities for businesses to acquire unique industrial facilities. Our auction is not only a tool for debt repayment, but also an opportunity to give a second life to such assets,” said Roman Osadchuk, CEO of SE SETAM.
The OpenMarket auction (SE SETAM of the Ministry of Justice of Ukraine) is a simple and effective means of selling and purchasing property via the Internet. The online auction has been operating throughout Ukraine since 2014.
On Thursday, in the presence of Ukraine’s Minister of Agrarian Policy and Food Vitaliy Koval, Italian Ambassador to Ukraine Carlo Formosa signed an agreement with the International Center for Advanced Mediterranean Agronomic Research in Bari (CIHEAM) to launch the €9 million Pro.UKR project.
The Italian embassy toldInterfax-Ukraine that the agreement aims to promote sustainable agricultural development and food security in the agricultural areas of Odesa region.
The project, which will strengthen the production, technical and organizational capacities of local agricultural producers, livestock enterprises and cooperatives, will be fully implemented in Odesa, a city over which Italy has taken patronage for recovery, demonstrating Italy’s commitment to one of the regions most affected by the war. The program, developed jointly with the Ministry of Agrarian Policy and Food of Ukraine and technical experts from Odesa Oblast, will include the provision of tools for production in the fields of agriculture and livestock, the introduction of new technologies and sustainable irrigation systems.
“The agri-food sector is one of the key components for Ukraine’s economic recovery, particularly in the agricultural areas where small businesses have been particularly hard hit by the conflict. Italy reaffirms its support through a concrete project aimed at strengthening food security and promoting sustainable agricultural development,” said Ambassador Formosa.
The Pro.UKR program is part of a broader effort by Italy to support the recovery of Ukraine and the Odesa region, with the aim of contributing to the country’s economic and social resilience in the current difficult environment.
