Horizon Capital and Germany's Notus Energy to Build Major Wind Farm in Ukraine

Agreement Between Horizon Capital and Notus Energy

According to Главком: A major agreement to finance a 124 MW wind power plant in Ukraine's Odesa region has been signed between the German firm Notus Energy and the US-Ukrainian investment company Horizon Capital. The deal was finalized at the World Economic Forum in Davos, signaling strong international investor confidence in Ukraine's energy sector despite the ongoing conflict. This project represents a significant step in rebuilding the country's infrastructure with a focus on sustainable energy.

Horizon Capital, which is actively involved in Ukraine's economic recovery, has closed the first phase of its Horizon Capital Catalyst Fund, raising 152 million euros. The fund's total target is 300 million euros for supporting investment projects within Ukraine. The structuring of the fund's first investment-this wind farm in Odesa-is now complete, demonstrating a clear commitment to developing the nation's renewable energy capacity.

Investing in Energy Amid Crisis Conditions

In a related development, Kyiv has also arranged with GIZ to receive two cogeneration units, which will arrive in the capital next week. Against the backdrop of a severe energy crisis, DTEK CEO Maksym Tymchenko has warned that Ukrainians face a difficult winter, underscoring the critical importance of investments in renewable sources and energy infrastructure.

"This agreement highlights not only the growing interest of foreign investors in Ukrainian energy but also the urgent need to diversify energy sources during the current crisis." - Maksym Tymchenko

The development of wind power and other renewables could prove a decisive factor in securing Ukraine's energy independence, a vital goal during wartime and economic challenges. Investments like those from Horizon Capital are poised to significantly aid the recovery and modernization of the country's energy infrastructure.