Ukraine’s Kernel to Develop 600 MW of Renewable Energy Capacity

In a significant move demonstrating resilience and a forward-looking strategy for Ukraine’s energy sector, the major agribusiness holding Kernel has announced an ambitious plan to develop approximately 600 MW of renewable energy capacity. This strategic expansion into green energy will be backed by a substantial $400 million investment over the next two years.

A Major Push into Ukraine renewable energy

The announcement was made by Kernel’s CEO, Yevhen Osypov, at the Forbes Agro conference in Kyiv. He detailed that the bulk of the investment will be channeled into developing a diversified portfolio of green energy assets. The primary focus will be on constructing wind and solar power plants, complemented by crucial energy storage systems (ESS).

To fund this large-scale initiative, Kernel is in the process of securing financing from prominent international financial institutions, including the European Bank for Reconstruction and Development (EBRD). This highlights the international confidence in the viability and importance of such projects within Ukraine.

Building on an Existing Green Foundation for Ukraine renewable energy

This new initiative is not Kernel’s first foray into sustainable energy. The company has been steadily building its green energy credentials for years. Since 2018, Kernel has invested around $230 million in cogeneration facilities. This earlier investment has already enabled the company’s assets to become fully self-sufficient with their own “green” energy, aligning with international standards and European Union requirements.

More recently, the company has accelerated its solar power efforts, launching a 20 MW pilot solar plant. This project serves as a stepping stone for a much larger undertaking: a planned 250 MW solar facility in the Chernivtsi region.

A Vision for Green Leadership in Ukraine renewable energy

According to CEO Yevhen Osypov, this strategic pivot is part of a broader ambition for Kernel to establish itself as a leader in the green energy space. This vision was also a key message he shared at the World Economic Forum in Davos in January 2026.

The company firmly believes that a strong commitment to transparency and robust Environmental, Social, and Governance (ESG) practices is essential for attracting the long-term international capital needed to rebuild and modernize Ukraine’s infrastructure. This investment serves not only Kernel’s corporate strategy but also contributes to the nation’s energy security and its transition towards a sustainable future.