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Fuel Giant OKKO Acquires Wind Farm Project in Western Ukraine

Ukraine’s fuel giant OKKO acquired a 272 MW wind power project in the Ternopil region, marking an expansion into the large-scale renewable energy market.

Kyiv Post

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25 mars 2026

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OKKO, one of Ukraine’s largest fuel retailers, has acquired a major wind energy project in the Ternopil region, signaling a significant expansion into large-scale renewable power generation. 

According to ExPro Renewables and data from the YouControl system, OKKO’s investment arm, Wind Solar Invest, took over “UA Renergy” from its previous owners. 

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Vitaliy Antonov, the founder of OKKO Group, is now listed as the ultimate beneficial owner of the project.

The “UA Renergy” project plans to build a wind farm in the eastern part of the Ternopil region, specifically between the town of Pidvolochysk and the city of Skalat. The facility is expected to have a total capacity of up to 272 MW, consisting of 40 wind turbines. 

The project also includes the construction of a transformer substation and approximately 70 kilometers (44 miles) of communication networks, аccording to ExPro Renewables.

The previous owners of the project included Yulia Povazhna and Oleksandr Pokhyly. Pokhyly is a well-known local figure as he used to be the head of the Ternopil District State Administration from 2015 to 2019, ExPro Renewables wrote. 

OKKO’s growing “green” footprint

Acquisition of wind farms by the company follows years of steady investment in solar energy for OKKO’s own operations. By the end of 2025, 265 OKKO filling stations were equipped with rooftop solar power plants according to the company`s website. In 2025, the company installed 64 of these stations, allowing the network to cover 8.4% of its electricity needs through solar power.

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Since 2021, OKKO has invested over $3 million in its rooftop solar program, with a total installed capacity of 6 MW. Most of these investments have already paid for themselves through energy savings. In 2026, the company plans to spend $500,000 to install solar panels at 40 other locations, aiming to increase the share of solar energy in its consumption to 9.5%.

A market-wide shift to green energy

OKKO is not the only player in the Ukrainian fuel market moving toward energy independence and sustainability. 

State-owned Ukrnafta is currently implementing six major power generation projects totaling 420 MW, Interfax-Ukraine previously reported. These projects combine gas-piston and gas-turbine technologies and include a system of 250 MW for producing electricity, heat, and cooling simultaneously. Yuriy Tkachuk, the acting director of Ukrnafta, stated that these facilities are expected to be operational in 2026 and will help support the national grid using gas produced during oil extraction.

WOG, one of the largest Ukrainian fuel chains, installed 800 solar panels that generate 180,000 kWh per year. The company estimates that this initiative reduces its carbon dioxide (CO2) emissions by 54 tons annually.

Another Ukrainian fuel chain, Parallel, started installing solar stations across its complexes as part of a long-term energy transformation strategy. In 2025, the company invested Hr.40.5 million ($920,500) into infrastructure, a large portion of which was dedicated to solar energy and digital modernization.

As Russia continues to target Ukraine’s energy infrastructure, the country’s fuel companies transform into broader energy providers, using wind and solar power to ensure their resilience, be able to work during power outages, and reduce their environmental impact.