For the first time since the beginning of the Great War, the EBRD has provided Kernel with a $45 million loan for the construction of a solar power plant
24.04.2026 - 11:32
The European Bank for Reconstruction and Development (EBRD) has provided financing to the agricultural holding Kernel for the first time since the start of the full-scale war.
This was reported by the Kernel press service.
The EBRD has provided financing to Kernel for the first time since the start of the full-scale war, signing a loan agreement in the amount of $45 million for the implementation of a project in the field of renewable energy. The corresponding decision was approved by the Bank’s Board of Directors and signed as part of the Ukraine-EU business summit in Brussels.
The total cost of the project will be approximately $86 million. In addition to the EBRD, negotiations are underway with other international creditors, and the rest of the investment will be financed by Kernel. Partial coverage of the risk of first losses is provided by the EU within the framework of the Ukraine Investment Facility (UIF).
The project involves the construction of a 106 MW solar power plant in southern Ukraine and the installation of energy storage. The facility is expected to generate about 141 GWh of renewable electricity annually and reduce carbon dioxide emissions by 82,500 tons.
After the construction of the transmission line, the station will be integrated into the United Energy System of Ukraine (UES). It will supply “green” electricity to the domestic market, strengthening the country’s energy balance.
“The development of “green” energy is one of Kernel’s key investment priorities. Today, Ukraine is acutely experiencing a generation deficit, as large facilities remain vulnerable to attacks. Our response to these challenges is the development of distributed generation, including solar and wind, as well as the introduction of energy storage systems. Connecting new capacities to the power system is Kernel’s contribution to the sustainability and energy security of the entire country,” said Kernel CEO Yevgen Osypov.
In general, the strategy of the agricultural holding involves the formation of a portfolio of projects in the field of green energy with a total capacity of up to 600 MW. The expected volume of investments in this area is about $400 million.
