OKKO Group plans to commission its 147 MW wind farm in the Volyn region by the end of this year or early next year and has begun construction of a second 190 MW wind farm in the Volyn region, according to the group’s CEO, Vasyl Danylyak.
“By the end of the year—possibly in the first quarter of 2027—we will commission the 147-MW wind farm. This project is being financed jointly with the EBRD, the IFC, and the CEB. Construction of a 190-MW wind farm has already begun nearby,” Danilyak said during the Kyiv International Economic Forum on Monday.
He noted that the construction cost of the 147-MW wind farm is approximately 200 million euros, while that of the 190-MW wind farm is 300 million euros.
Danylyak also confirmed that OKKO will commission its bioethanol plant next year.
According to OKKO’s CEO, new opportunities in the energy sector are driving the group to invest during the war.
“The war has exposed many problems in the energy system; large facilities have become vulnerable to attacks, and the absolutely correct direction for development—toward the decentralization of power generation—has been set,” Danilyak noted.
As previously reported, on June 17, 2026, 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, which are majority-owned by VI.AN Holding, part of the OKKO Group, to finance the construction and operation of a 189-MW wind farm in Ukraine.
The EBRD loan will be part of the project’s secured debt financing, which also involves the International Finance Corporation (IFC) and the Black Sea Trade and Development Bank (BSTDB).
In April 2025, the EBRD, IFC, and BSTDB announced a EUR157 million loan to the “Galnaftogaz” group for a 147-MW wind farm in the Volyn region.
OKKO had planned to launch a bioethanol plant with an investment of EUR110 million in the third quarter of 2026, but the launch had to be postponed due to delays in equipment delivery.
The OKKO Group comprises 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.
JSC “Galnaftogaz Concern,” which operates one of the largest OKKO gas station chains, will pay 3.1 billion UAH in dividends based on 2023 results, according to the SMIDA disclosure system.
“The total amount of dividends to be paid is 3,100,000,000.00 UAH. The dividend per share is 0.158758424 UAH,” the statement reads.
This decision was approved by the general meeting of shareholders on October 9.
The payment period for dividends, which will be distributed directly to shareholders, is set from November 6, 2026, through April 6, 2027 (inclusive).
As previously reported, the general meeting of shareholders of JSC “Concern “Galnaftogaz” decided to allocate UAH 1.26 billion toward dividends based on the 2024 results—the majority of the 2024 net profit of UAH 1.4 billion. It was also decided to leave an additional 0.17 billion UAH undistributed at the company’s disposal. The dividend per share amounted to 0.064 UAH.
Later, Vasyl Danylyak, CEO of the OKKO Group of Companies, noted that OKKO would allocate its 2024 dividends, totaling 1.26 billion UAH, to new investment projects in the energy and agriculture sectors.
The 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 networks under the “OKKO” brand, comprising nearly 400 gas stations.
The founder and ultimate beneficiary of the group is Vitaliy Antonov.
OKKO maintained its leadership among the largest importers of automotive gasoline into Ukraine, importing 51,000 metric tons of fuel in September 2026, according to data from a special study by the A-95 Consulting Group and calculations by the Experts Club analytical center.
Thus, OKKO accounted for about 35% of total gasoline imports in September, which amounted to 145,000 metric tons.
From January through September, the company imported 375,000 metric tons of gasoline—about 30% of the total volume of shipments to Ukraine since the beginning of the year, which reached 1.26 million metric tons.
Ukrnafta took second place among importers in September with a volume of 19,500 metric tons. WOG recorded virtually the same figure—19,000 metric tons.
UPG imported 15,900 metric tons of gasoline. Thus, the four largest companies—OKKO, Ukrnafta, WOG, and UPG—accounted for a total of 105,400 metric tons, or nearly 73% of all gasoline imports into the country for the month.
Next came BRSM-Nafta with 5,300 metric tons, Avantage with 3,400 metric tons, BVS and SOCAR with 2,600 metric tons each, KLO with 2,300 metric tons, and VST with 1,900 metric tons. Other companies collectively imported 21,300 metric tons.
In September, gasoline imports into Ukraine fell by 5% compared to August—to 145,000 metric tons. The A-95 Consulting Group attributes the decline in supplies to a seasonal drop in consumption and this year’s record-high retail gasoline prices, which encouraged drivers to conserve fuel.
At the same time, compared to September 2025, imports rose by 3%, and over the first nine months of this year—by 15%, to 1.26 million metric tons.
Source: “A-95” Consulting Group.
The OKKO network remains the largest importer of automotive gasoline into Ukraine: in August 2026, the company imported 46,100 metric tons of fuel, and 302,000 metric tons since the beginning of the year, according to data from the A-95 Consulting Group. OKKO accounts for about 27% of all Ukrainian gasoline imports since the beginning of the year.
The next group of largest suppliers consists of WOG, UPG, and “Ukrnafta.”
In August, WOG imported 20,200 metric tons of gasoline, UPG—20,000 metric tons, and “Ukrnafta” imported 19,400 metric tons.
Next are “BRSM-Nafta” with 7,000 metric tons, Amic with 3,400 metric tons, and “Avantage” with 3,100 metric tons.
Gaztrim and KLO each imported 2,400 metric tons, and Bars 2000 imported 2,200 metric tons.
Other market participants accounted for 26,100 metric tons.
In total, Ukraine imported 152,000 metric tons of motor gasoline in August.
The largest countries of origin for the fuel were Lithuania—51,800 metric tons—and Poland—40,100 metric tons. The ORLEN Group supplied more than half of August’s imports.
According to Experts.news, in August 2026, the OKKO Group became the largest importer of diesel fuel into Ukraine, supplying nearly 89,000 metric tons—a 47% increase compared to August of last year, as reported by the A-95 Consulting Group.
Ukrnafta took second place with a volume of nearly 77,000 metric tons. Over the past year, the company increased its imports by 2.4 times.
“Energo Trade JSC” became the third-largest importer, with 55,600 metric tons, although its shipments fell by 44%.
UPG imported 55,400 metric tons, a 3% increase, while WOG imported 40,300 metric tons, a 46% increase compared to last year.
The Western Fuel and Energy Company (ZPEK) also showed significant growth, increasing its imports by a factor of 2.2 to 39,000 metric tons.
According to the “A-95” chart on the third page of the press release, the rest of the top 10 importers for August included “Paid” with 32,300 metric tons, “BRSM-Nafta” with 24,600 metric tons, “Martin Trade” with 17,100 metric tons, and “Gaztrim” with 16,400 metric tons.
Following the completion of construction of the first phase of its bioethanol plant with an annual capacity of 83,000 metric tons, the OKKO Group plans to build the second phase with an annual capacity of 120,000 metric tons, according to the group’s CEO, Vasyl Danyliak.
“We are first building the first phase of the plant with a capacity of 83,000 metric tons of bioethanol, and then we will expand capacity. And we want to produce 120,000 metric tons of bioethanol per year in the second phase,” Danilyak said on the Fedoriv vlog on YouTube.
He added that the group plans to consume 50% of the bioethanol it produces in the future and export the remaining 50% to European markets.
Citing the experience of bioethanol production in the U.S., he noted that the capacity of plants in that country is at least 1 million metric tons, which, he said, allows for “economies of scale.”
As reported in early July 2026, citing Vasyl Danylyak, CEO of the OKKO Group of Companies, the group had to postpone the full launch of its EUR110 million bioethanol plant from the third quarter of 2026 to the first quarter of 2027. Danylyak attributed this to delays in the manufacture of certain units.
He noted, however, that part of the facility—specifically, the storage area for finished products—has already been completed.
Danylyak also pointed out that the retail chain itself would not be able to consume all of the plant’s bioethanol—which has a design capacity of 83,000 metric tons—even if it were to add 10% bioethanol to gasoline on its own. At the time, he noted that the group would be able to consume up to 60% of the bioethanol production capacity.
The group planned to sell the remainder to other retail chains or export it.
Of the total investment in the plant during 2024–2026, amounting to EUR 110 million, EUR 35 million is the group’s own contribution, and EUR 75 million is debt financing. Of this amount, EUR 60 million was provided by the EBRD for a nine-year term, and another EUR 15 million by Raiffeisen Bank Ukraine for a seven-year term.
According to Danilyak, the plant’s annual capacity is 83,000 metric tons of bioethanol, 70,000 metric tons of animal feed, and 270,000 metric tons of corn processing.
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 group’s founder and ultimate beneficiary is Vitaliy Antonov.
