EIFO provides €100 million loan for 94.5 MW wind and battery storage project in Ukraine
Type: Financing · Technology: Hybrid · Country: Ukraine · Capacity: 94.5 MW · Value: EUR 100M · Announced: 2026-08-25
The Export and Investment Fund of Denmark (EIFO) has provided a €100 million loan to Ukrainian agricultural group Kernel for the construction of a 94.5 MW wind and battery storage project in central Ukraine. The project will feature 21 wind turbines supplied and installed by Vestas, alongside battery energy storage systems. Electricity generated by the facility will supply Kernel’s operations and the Ukrainian grid, marking Kernel’s expansion into renewable energy. This financing is part of EIFO’s Ukraine Facility, supporting investments during the ongoing war and representing EIFO's second wind farm financing in Ukraine.
Analysis
The Export and Investment Fund of Denmark (EIFO) announced a €100 million loan to Ukrainian agricultural group Kernel on 2026-08-25 for a 94.5 MW wind and battery storage project in central Ukraine. Vestas, a global leader in sustainable energy solutions, will supply and install 21 wind turbines for the project. The electricity generated will supply Kernel’s operations and the Ukrainian grid. This financing is part of EIFO’s Ukraine Facility and represents EIFO's second wind farm financing in Ukraine.
Key points
- EIFO provided a €100 million loan.
- The project has a 94.5 MW capacity.
- Vestas will supply and install 21 wind turbines.
- The deal was announced on 2026-08-25.
- This is EIFO's second wind farm financing in Ukraine.
Counterparties
- Kernel (Borrower)
- Export and Investment Fund of Denmark (Lender)
- Vestas (Supplier)
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