Investment in Volyn West Wind-2 LLC and Volyn West Wind-3 LLC for the GNG Wind Volyn 2 Project - Record of Approval on an Absence-of-Objection Basis

Jul 19, 2026

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Record of approval on an absence-of-objection basis dated Monday, June 15, 2026, covering an investment in Ukraine. The board approved investment in Volyn West Wind-2 LLC and Volyn West Wind-3 LLC for the GNG Wind Volyn 2 Project, under IFC/R2026-0193 dated June 3, 2026. The approval includes an IFC A Loan of up to EUR 42 million and a concessional blended finance loan of up to EUR 8 million, supported via the ERA Program with ERA-NORAD assistance, where Alexey Nickolaevich Morozov requested to be recorded as objecting.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages1

Reading Time3 min

Approval notice

Project scope and date

Loan structure and funding support

Stated objection note

FAQs

What investment was approved on June 15, 2026?

The board approved an investment in Volyn West Wind-2 LLC and Volyn West Wind-3 LLC in Ukraine for the GNG Wind Volyn 2 Project.

What loans and amounts were included in the approval?

The approval consists of an IFC A Loan up to EUR 42 million and a concessional blended finance loan up to EUR 8 million, with listed USD equivalents.

Who indicated an objection and how was it recorded?

Alexey Nickolaevich Morozov wished to be recorded as objecting.

Jul 19, 2026

Upload by Eliana