Authorization
On 04 February 2025, Oschadbank (Ukrainian bank) announced the signing of multiple agreements with Eco-Optima Group to finance the construction of the Sokalska Wind Farm, a 39.9 MW project in Lviv region.
The Sokalska WPP will feature seven state-of-the-art wind turbines manufactured by the German company NORDEX, a proud member of the UWEA. The wind farm is expected to generate approximately 122 million kWh of green electricity annually, making a significant contribution to Ukraine’s energy resilience.
Zinoviy Kozytskyy, owner of the Eco-Optima Group and UWEA Board Member: “Building new power stations is an essential step in restoring Ukraine’s energy system, which has suffered severe destruction at the hands of russia. The fact that we managed to finalize a loan agreement with Oschadbank in a record time of just 2.5 months is a testament to our commitment and efficiency. This milestone marks the beginning of a strong collaboration between Eco-Optima and Oschadbank. There is still much work ahead, but we have taken the first and most crucial step.”
The total financing provided by Oschadbank amounts to €40 million, including a confirmed irrevocable green letter of credit worth over €23 million, with participation from the EBRD as a partner bank.
Yuriy Katsion, Deputy Chairman of the Board at Oschadbank, responsible for corporate business: “The construction of the Sokalska WPP is a game-changer—not just for the local community, but for Ukraine as a whole. With a timeline of just over a year, this project will help restore lost generation capacity and contribute to a greener energy mix. For the Sokalska community, the wind farm will create jobs, generate revenue from land use fees, and provide an alternative power source. Additionally, the project will spur infrastructure development, including road improvements. The impact of these investments extends far beyond the business plan—it’s about rebuilding Ukraine’s future, and that is truly inspiring.”
The UWEA extends its warmest congratulations to Eco-Optima, NORDEX, and Oschadbank for this significant step forward in Ukraine’s wind energy sector. This project stands as further proof that Ukraine’s path to energy independence is inseparable from renewables and wind power. We wish the team a smooth and successful implementation of the project and look forward to seeing new, ambitious milestones achieved on the journey toward a greener, more sustainable Ukraine!
Andriy Konechenkov, Chairman of UWEA: “The development of wind energy is more than just an economic decision—it is a strategic commitment to strengthening Ukraine’s energy security. The Sokalska WPP symbolizes resilience and renewal, proving how international partnerships, professional expertise, and financial support can accelerate Ukraine’s energy transformation. We celebrate this milestone and hope it serves as an example for further successful investments in Ukraine’s wind energy sector.”
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