The European Bank for Reconstruction and Development (EBRD) plans to provide Ukraine with a long-term loan of up to €65 million for the construction of a large-scale wind farm as part of the Notus Wind project. The total cost of this initiative is estimated at €231.4 million.
This is reported by Finway
The funds will be received by a specially created Ukrainian company that is part of the German developer Notus Energy. The final decision on financing will be made by the EBRD’s board of directors — the project review is scheduled for April 29, 2026.
Capacity and Environmental Efficiency
The planned wind farm will demonstrate a high level of energy productivity. According to EBRD experts, it will generate approximately 331.6 GWh of electricity from renewable sources each year. This will significantly reduce carbon dioxide emissions — by over 213,000 tons annually, contributing to the ecological modernization of Ukraine’s energy system.
“In addition, the launch of the facility will have a noticeable environmental effect. It is expected that the operation of the wind farm will reduce carbon dioxide emissions by more than 213,000 tons per year, which is an important contribution to the decarbonization of Ukraine’s energy sector.”
Investors and Strategic Development
The main investor and owner of the project is Notus Energy, which has significant international experience in developing renewable energy — over 1.6 GW of wind capacity in 13 countries worldwide. Among the minority shareholders are international investors, including Horizon Capital (Catalyst Fund) and the Green for Growth Fund, which confirms trust in the project.
The Notus Wind wind farm is part of a broader investment strategy by the developer in Ukraine, where the total project portfolio exceeds 1.3 GW of installed capacity. The planned facility will be the first of three wind farms that the company intends to implement in the coming years. The total capacity of these projects could reach approximately 300 MW.
This investment continues the cooperation initiated in early 2026 in the Odesa region and demonstrates the growing interest of international financial institutions in the development of Ukraine’s energy sector even amid military challenges and risks.