OKKO plans to increase its own RES capacity to 1 GW in 5 years

OKKO plans to increase its own RES capacity to 1 GW in 5 years Shutterstock
Hanna Velyka

Businesses invest in their own energy security

OKKO Group intends to increase its own energy capacities through solar, wind and solar power to almost 1 GW over the next five years.

These plans were announced by the company's CEO Vasyl Danyliak on Business Breakfast with Volodymyr Fedorin.

OKKO is to build approx:

  • 600 MW of wind power plants (WPPs);
  • 200 MW of solar power plants (SPP);
  • 150 MW of energy storage facilities.

“We have already fulfilled some of these tasks,” said the top manager.

He also noted that distributed power generation is “primarily about security, which is a significant factor in every business.”

As a reminder, this group of companies has significant ambitions in the renewable energy sector. On February 4, we reported that it was the first in Ukraine to launch a 20 MW energy storage facility.

In early April, it became known that Galnaftogaz, which owns the OKKO filling station chain, signed an agreement to raise €157 million to build a 147 MW wind farm in Volyn. And at the end of the same month, we told you that OKKO is implementing a €110 million project to build a bioethanol plant, which is scheduled to be fully launched in Q3 2026.

Related
The world's largest offshore wind farm has been connected to the UK power grid via an undersea cable
The world's largest offshore wind farm has been connected to the UK power grid via an undersea cable

The offshore wind farm is located 120 km off the coast of Yorkshire

From solar panels to insulation: The EBRD has launched a €2 billion program for businesses and citizens
From solar panels to insulation: The EBRD has launched a €2 billion program for businesses and citizens

The program covers renewable energy projects, energy efficiency improvements, and small-scale power generation

Wind power accounts for one in ten kilowatts of energy worldwide – WWEA
Wind power accounts for one in ten kilowatts of energy worldwide – WWEA

China leads in new capacity installations, while Denmark leads in the share of wind energy in total energy consumption

Some clean technologies in the EU have already outperformed fossil fuels
Some clean technologies in the EU have already outperformed fossil fuels

At the same time, innovations such as carbon capture and low-carbon fuels require significant investment