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Turkish engineering firm Onur Group is intensifying its long-term investment strategy in Ukraine, unveiling a plan to build next-generation solar power plants with a total capacity of 690 megawatts (MW) by 2030. The project is expected to cost $450 million.
According to the company’s Ukraine General Manager, Emre Karaahmetoglu, Onur Group already operates a 150 MW solar facility and aims to expand its footprint significantly over the coming years.
The company is currently building 50 MW of solar power plants and 164 MW of battery storage systems in the Vinnytsia region. Speaking to Forbes Ukraine, Karaahmetoglu noted that more than $60 million in investment will be completed by the end of the year. By that point, the group anticipates reaching a total of 200 MW in solar capacity alongside 164 MW of energy storage.
Onur Group is also preparing to establish a 120 MW wind power plant in the Transcarpathia region, backed by a projected investment of €120 million ($137.12 million).
Karaahmetoglu added that the company is actively developing additional projects in the Lviv and Volyn regions and is currently in discussions with international financial institutions to obtain financing.
In Volyn, construction is nearly complete for the first phase of a wind energy project designated for the Ukrainian energy company OKKO. “Last week, we received the first components of the turbines and began installation,” Karaahmetoglu said.
The second phase, with a planned capacity of 190 MW, is set to follow. Once complete, the Volyn project is expected to reach a total capacity of 340 MW. Karaahmetoglu emphasized that the group’s Lviv-based construction division is leading the effort.
While scaling up its renewable investments, Onur Group is preparing to enter the mining sector in a different form. Starting in 2026, the company plans to begin graphite extraction operations in Ukraine’s Khmelnytskyi region. The move marks a strategic shift as the company exits a gold mining project that failed to meet expectations.
Onur Group has announced its withdrawal from the Zhovtovodska gold deposit in the Dnipropetrovsk region after reporting lower-than-expected gold yields. The site had been projected to deliver 4.5 grams of gold per ton of ore, but actual output fell short at 1.4 grams per ton.
Citing a lack of economic viability, the company halted operations and has filed a legal case against Ukraine’s State Service of Geology and Mineral Resources over what it claims was a misleading reserve estimate.
Despite challenges, Onur Group remains one of the few international firms that has continued to operate in Ukraine throughout the war, providing jobs and supporting the local economy through a network of 40 companies across the country.
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