The OKKO gas station chain is investing over $120 million to open 20 new 3.0-format gas stations and renovate another 60 existing ones by 2029, according to OKKO Group CEO Vasyl Danyliak.
“We are probably the company that has carried out the most renovations during the full-scale war… We not only quickly restored damaged gas stations, but also launched a program back in the fall of 2022 to upgrade and rebuild our stations; over the years, we have renovated more than 200 facilities. But we see how requirements are changing—that’s why we developed the 3.0 format,” Danilyak told reporters during a press tour on Wednesday.
The first complex of this format was built and opened in Irpin, and the second was renovated to the 3.0 format in Hatne. The next step is the construction of a flagship highway complex in Zvyagel.
According to Danylyak, investments in the construction of the gas station in Irpin amounted to approximately $3 million; highway complexes in the new format are estimated to cost $4–5 million, while the renovation of existing highway stations will cost about $2 million. By 2029, the company plans to invest over $120 million in the development of the 3.0 format, specifically to build 20 new stations and renovate about 60, thereby covering approximately 20% of the network.
The new format emphasizes technology, the digitalization of the customer journey (OKKO PAY, OKKO Drive, the Smart Kitchen system), expanded food service, energy independence, and the development of infrastructure for electric vehicles, as well as simple navigation, accessibility, and modern design. In particular, the gas stations now feature OKKO Work Spaces—rooms for phone calls and online meetings, an all-season terrace, children’s play areas, and more.
In addition to the rooftop solar power plant, solar panels have also been installed as a canopy over the charging stations. In total, a 69 kW solar power plant has been installed at the Irpin gas station, and a 48 kW plant in Hatne, with plans to expand to 100 kW. During peak generation periods, these systems can cover up to 50% of the complex’s own electricity consumption. Combined with generators and backup power, this allows the gas stations to remain operational even during power outages. By the end of 2026, solar power plants will be operating at more than 300 gas stations in the network, with a total capacity exceeding 6 MW.
According to Danylyak, the company also plans to install solar power plants near gas stations “where it is possible to lease land.” In particular, this has already been done in Kalynivka, and such a mini-solar power plant will soon be installed in Ivankiv.
OKKO has been developing its electric vehicle initiatives since 2014, when it became the first gas station chain in Ukraine to begin building a systematic charging infrastructure. Today, this includes approximately 100 Ultra Fast Chargers at 63 locations. In the new format at gas stations, the charging area is located under a separate canopy with solar panels, separated from the fueling lanes.
“Together with the European Bank for Reconstruction and Development, the company is preparing a $10 million financing program to expand its network of high-speed charging stations,” Danilyak said.
According to Vasyl Dmytriv, OKKO’s vice president of marketing and development, the company now competes not only with gas stations but also with fast-food chains, restaurants, and stores. OKKO 3.0 features a full-fledged dining area offering Ukrainian, European, and Asian cuisines, plus a section for ready-to-eat meals: soups, main courses and side dishes, salads, burgers, pizza, WOK dishes, and pasta. The key difference of the new format is the open kitchen. Thanks to the expanded kitchen infrastructure, the company can now operate multiple culinary concepts simultaneously—including preparing dishes “to order.” OKKO remains Ukraine’s No. 1 coffee chain by sales: in 2025, customers purchased nearly 34 million cups. In the new gas station format, the coffee area has been expanded; specifically, the location in Hatne offers over 150 coffee options.
electromobility, gas station, INVESTMENT, Даниляк, ОККО, СЕС
The European Bank for Reconstruction and Development (EBRD) plans to sign an agreement at URC 2026 to provide a long-term loan of up to 50 million euros to Volyn West Wind-2 LLC and Volyn West Wind-3 LLC (Volyn Oblast) for the development and construction of a 189 MW wind farm in Ukraine.
“The total amount of debt financing is 191.3 million euros, provided by a consortium of five international development finance institutions: IFC, EBRD (up to 50 million euros), BSTDB, BI Ukraine Limited, and Swedfund International AB,” according to the project description in the EBRD’s indicative action plan for URC 2026 on Thursday.
It is noted that the project will receive a guarantee and funds for technical assistance under the European Union’s Ukraine Investment Framework Hi-Bar program.
The loan itself will be used to finance the purchase of wind turbines, construction of the power plant’s infrastructure, civil and electrical engineering works, as well as related infrastructure.
It is noted that the borrowers are controlled by VI.AN Holding, which is part of OKKO Group AG.
As previously reported, a few days earlier, the EBRD decided to provide a long-term loan of up to 50 million euros to Volyn West Wind-2 LLC and Volyn West Wind-3 LLC for a 189 MW wind farm, while the IFC decided to provide a 42 million euro loan to these companies.
OKKO Group unites 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 chains under the “OKKO” brand, comprising approximately 400 gas stations.
The founder and ultimate beneficiary of the group is Vitaliy Antonov.
The International Finance Corporation (IFC) has approved a decision to provide a EUR42 million long-term loan to Volyn West Wind-2 LLC and Volyn West Wind-3 LLC, both 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.
According to the bank’s materials, the total estimated cost of the wind farm construction project is EUR290 million.
The project is expected to receive support from partners, namely the European Commission under the Ukraine Investment Facility (EC-UIF) and the Economic Resilience Action Program for Ukraine (ERA Program), in particular from the Norwegian Agency for Development Cooperation (NORAD).
“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, the IFC is strengthening the project’s financial resilience by providing support in assessing the electricity market. In addition to support during the pre-investment phase, the IFC will provide technical guidance to enhance the project’s capacity to manage environmental and social risks in accordance with IFC performance standards.
As previously 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).
Specifically, on June 17, the EBRD also approved a decision to provide a long-term loan of up to EUR50 million to Volyn West Wind-2 LLC and Volyn West Wind-3 LLC—companies majority-owned by VI.AN Holding, a member of the OKKO Group— to finance the construction and operation of the aforementioned 189 MW wind farm in Ukraine.
The 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 the largest gas station chains in Ukraine under the “OKKO” brand, comprising approximately 400 gas stations.
The founder and ultimate beneficiary of the group is Vitaliy Antonov.
IFC, LOAN, RENEWABLE ENERGY, RES, ОККО
On June 17, the European Bank for Reconstruction and Development (EBRD) approved a decision to provide a long-term loan of up to EUR50 million to Volyn West Wind-2 LLC and Volyn West Wind-3 LLC, both 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.
According to the bank’s materials, the EBRD loan will be part of the project’s secured debt financing, with participation from the International Finance Corporation (IFC) and the Black Sea Trade and Development Bank (BSTDB).
The project will also receive guarantee support and grant funds for technical assistance from the European Union under the Ukraine Investment Framework through the HI-BAR program, which reduces risks for investors and helps attract funding to renewable energy and climate technology projects.
Against the backdrop of significant losses in power generation capacity due to the war, this investment is expected to help reduce the electricity shortage, support decarbonization, and strengthen the private sector’s role in the development of renewable energy.
According to the bank’s estimates, the new wind farm will generate approximately 467 GWh of electricity annually and reduce CO2 emissions by about 300,000 metric tons per year. The total cost of the project is estimated at EUR262 million.
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 previously reported, in April 2025, the EBRD, IFC, and the Black Sea Trade and Development Bank (BSTDB) announced a EUR157 million loan to the “Galnaftogaz” Group for a 147 MW wind farm in the Volyn region.
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.
The OKKO group of companies, together with its agribusiness partner Gadz-Agro LLC (Ternopil region) have expanded their land bank to 50,000 hectares and will increase it to 100,000 hectares by 2030, while the number of cows will be increased from 11,000 to 15,000, OKKO Group CEO Vasyl Danylak said in an interview with Forbes Ukraina.
He recalled that OKKO entered the agricultural business in 2023 and offered the owner of Gadz-Agro to build a biogas plant near his cowsheds. However, he proposed another option for cooperation – to enter into a partnership and develop together.
“We entered into a 50/50 partnership with Gadz Agro. They are a long-standing client with whom we worked on an agricultural financing program. (…) At that time, it was a company with 26,000 hectares of land and 9,500 cows – a large company with a remarkable owner,” said Danylak.
The CEO of OKKO reported that in 2024, the agricultural business expanded its land bank by almost 6,000 hectares and invested in cowsheds. Currently, the joint ownership includes 32,000 hectares of land and 11,000 cows, which produce 188 tons of milk per day. During 2025, OKKO and Gadz-Agro consolidated more than 17,000 hectares.
“This business fits organically into our structure – we supply fuel and fertilizers there, and we get meat for our workshops and grain for our traders from there,” explained Danilyak.
According to him, OKKO Group and Gadz-Agro plan to increase their land bank to 100,000 hectares by 2030, have 15,000 cows, and build a biogas production facility.
“The idea is for this business to be self-sufficient and pay dividends. (…) In terms of return on investment, agriculture and petroleum products are roughly equivalent businesses. But the investment opportunities are different. We have the opportunity to invest in agriculture, but not in expanding the network,” Danilyak noted.
At the same time, the CEO of OKKO expressed confidence that agribusiness in Ukraine will grow in the foreseeable future, while the petroleum products market is unlikely to do so. “A growing market forgives mistakes. A falling market does not forgive mistakes,” he stressed.
Responding to a question about the specifics of doing business with a partner in the agricultural sector, Danilyak clarified that OKKO and Gadz-Agro are represented by two representatives each on the supervisory board. He added that OKKO GROUP does not plan to invest in port logistics for the export of agricultural products.
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 almost 400 petrol stations.
The founder and ultimate beneficiary of the group is Vitaliy Antonov.
