Kernel lands €100M loan to build first wind farm in Ukraine
What's the deal? Ukraine's largest agricultural exporter, Kernel, has signed a €100 million loan agreement with the Export and Investment Fund of Denmark (EIFO) to build its first wind farm. The 94.5 MW project will be located in central Ukraine.
What's the endgame? The farm will consist of 21 wind turbines supplied and installed by Danish manufacturer VestasDealroom has a profile for this one. Try Dealroom →, plus industrial energy storage systems to balance generation during peak hours. Kernel wants stable power to keep its assets running and its export contracts on track.
Why now? The financing comes under a dedicated EIFO program to back investment in Ukraine, with the deal signed alongside Denmark's minister of business and competitiveness, Martin Lidegor. Since the start of the war, EIFO has funded more than 30 projects in the country; Kernel's is the second wind project it has backed.
"A stable energy supply to our assets allows us to fulfill international contracts," said Kernel chief executive officer Yevgen Osipov. "For the country, this is another step toward modernizing its energy infrastructure."
By the numbers: Kernel accounts for 10% of global sunflower oil exports and, in 2025, for 10% of Ukraine's total foreign exchange earnings from commodity exports. During its 2025 fiscal year, the company shipped 8 million metric tons of agricultural products abroad.
The signal: Ukraine needs 4 GW of new wind capacity and 3.8 GW of solar, according to grid operator UkrenergoDealroom has a profile for this one. Try Dealroom →, with a national plan targeting 6.2 GW of installed wind capacity by 2030. Corporate-backed projects like Kernel's — financed by foreign export agencies — point to how the country intends to rebuild and expand its energy base during wartime.
Read more: biz.liga.net
Image credit: OLC Fiber
