OKKO Group Invests $650 Million in Ukraine Amid War
Since the onset of the invasion, OKKO Group has invested approximately $650 million in multiple sectors, including energy and agriculture. The company aims to diversify its revenue streams, targeting non-fuel businesses to match fuel revenues by 2030.
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OKKO Group has committed about $650 million to various projects in Ukraine since the conflict escalated, with $100 million directed towards the GORO Mountain Resort. The company is shifting focus to energy, agricultural processing, and biofuel production to reduce reliance on its oil products business, anticipating that 25% of its revenue will soon originate from these non-fuel sectors.
By 2030, OKKO aims for non-fuel revenues to equal those from fuel, with projections indicating they could be twice as high by 2033. Future growth includes the completion of a second wind farm with a capacity of 190 MW and plans for a third 320 MW facility. OKKO is also expanding its B2B operations in natural gas and electricity amid recognition of stable market conditions despite ongoing war challenges.
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