Grain Empire of Verevsky Builds Wind Farms Near Kyiv: Why Does the Agrarian Need 112.5 MW Near the Capital

# Kernel investing ~$400 million in renewable energy generation, with new wind farm in Yahidne community part of this portfolio. The question is not whether the wind farm will be built, but rather who will buy this electricity and on what terms.

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Фото: EPA

On May 8, Energy RTB 5, a subsidiary of Kernel agriholding owned by Andriy Verevskiy, filed a notice of intent with the state environmental impact assessment registry to build a wind power plant with a capacity of up to 112.5 MW on the left bank of Kyiv region. The site comprises 18 hectares in the Yahotyn city territorial community of Boryspil district.

What this means in numbers

Expected annual generation — up to 350,000 MWh. For scale: an average household in Ukraine consumes approximately 2 MWh per year — meaning one station would theoretically cover the needs of ~175,000 families. Kyiv region is one of the largest in terms of consumption and simultaneously chronically dependent on external generation, especially after energy infrastructure strikes in 2022–2024.

Not the first and not the last renewable energy project by Kernel

The legal entity name — Energy RTB 5 — indicates a systematic approach: Kernel already has Energy RTB 2, which is attracting a loan of up to $45 million from the EBRD for construction of a solar power plant with 106 MW capacity and energy storage system. The total cost of that project is $86 million, and it differs from the previously announced solar power plant in Chernivtsi region with 250 MW capacity.

"The agriholding plans to invest approximately $400 million in wind, solar generation, and energy storage systems over two years, with total capacity of new projects potentially reaching around 600 MW"

Kernel CEO Yevhen Osypov, February 2025

Yahotyn wind power plant is the fifth documented facility in the RTB lineup. With a declared portfolio of 600 MW and already known projects of ~469 MW, the new plant with 112.5 MW capacity fits mathematically within the remaining capacity.

Why Yahotyn is not coincidental

Yahotyn district is the heart of Kernel's agribusiness on the left bank: elevators and farmland of the agriholding are located here. Own electricity production alongside own agricultural infrastructure is not only about selling to the grid, but also about reducing production costs directly on site. During wartime, when industrial blackouts last for hours, own generation transforms from an ESG image into a real operational asset.

  • Left-bank Kyiv region has relatively flat terrain — favorable for wind
  • Proximity to Kyiv means access to developed grid transmission lines
  • 18 hectares — a compact site for a plant of this capacity, envisioning modern turbines of 4–6 MW and above

What remains unknown

The notice in the environmental impact assessment registry is only the start of the environmental impact evaluation procedure, not a construction permit. Next comes — public hearings, conclusion from the Ministry of Environmental Protection, grid connection (technical conditions from the operator), and most importantly, the sales mechanism: through which mechanism will electricity be sold — renewable energy support auction, direct PPA contract, or internal consumption by the holding.

In 2025, Ukraine commissioned 324 MW of new wind capacity — more than in the previous two years combined. Projects in the development pipeline reach 4.5 GW. Competition for grid connection and auction quotas is growing.

If Kernel truly puts into operation all declared 600 MW over two years, the company will become one of the largest private renewable energy producers in the country — but only if the state manages to deploy market procurement mechanisms faster than these power plants reach the final stages of construction.

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