#Ukraine #Wind Energy #Horizon Capital #Notus Energy #Odesa

Horizon Capital Backs Notus Energy in 124 MW Wind Energy Project in Ukraine

Horizon Capital, a prominent private equity firm based in Emerging Europe, has made headlines with its recent announcement supporting Notus Energy in the launch of a 124 MW wind power project in Ukraine. This initiative marks Horizon Capital’s first investment from the newly established Horizon Capital Catalyst Fund (HCCF), aimed at supporting Ukraine's reconstruction efforts and advancing renewable energy adoption.

Investment Highlights

On January 20, 2026, during the signing ceremony held at the Ukraine House in Davos, it was revealed that HCCF has closed its initial financing round, raising approximately €152 million of its target €300 million. The Catalyst Fund, which focuses on sectors in urgent need of growth capital, will provide between €20 million and €50 million per investment, targeting industries such as energy, digital infrastructure, and construction.

The investment will facilitate a 45% stake in the Notus Energy project, which is expected to mobilize over €220 million in total investments. A structured debt package will be coordinated by various development financial institutions, including EBRD, IFC, Swedfund, and the Green for Growth Fund.

The Project's Importance

Developed by Notus Energy, a leading German renewable energy company with a global installed capacity of 1.6 GW, this project stands out as one of Ukraine’s most advanced and well-structured wind energy initiatives. It is the first of three wind farms planned by Notus in Ukraine, contributing to a broader portfolio aimed at achieving approximately 300 MW in short-term projects and over 1.3 GW in total renewable energy developments across various project stages.

The environmental, social, and governance (ESG) impact of this investment is significant. The project is anticipated to generate 378 GWh of clean electricity annually, enough to power approximately 120,000 households while reducing carbon dioxide emissions by about 244,000 tons each year. In addition to environmental benefits, the project is expected to create over 300 jobs during construction and 50 permanent positions once operational, further supporting local economies.

Strategic Partnership and Future Goals

Dmytro Boroday, a partner at Horizon Capital and head of the Catalyst Fund, expressed enthusiasm about partnering with Notus Energy, stating that this project exemplifies the high-quality investment standard the Catalyst Fund aims to support. He emphasizes that mobilizing substantial capital for Ukraine's key energy sector not only sets international benchmarks but also conveys a strong message of confidence in Ukraine's future. This strategic collaboration highlights how Ukraine can attract top-tier global investors when projects adhere to international standards, risk mitigation strategies, and are developed with strong partnerships.

Heiner Dietmar Roger, the founder and CEO of Notus Energy, also commented on the importance of this partnership, viewing it as a milestone for their first project implementation in Ukraine. The backing from the Catalyst Fund is seen as crucial for advancing the 124 MW project, which aligns with Ukraine's sustainability objectives and provides essential energy capacity.

Looking ahead, Notus Energy aims to bolster its development portfolio in Ukraine, with ambitious plans to reach 1.3 GW by 2030. This expansion showcases the potential of the Ukrainian market, which holds strong foundations for deploying renewable energy solutions.

Conclusion

The collaboration between Horizon Capital and Notus Energy is a noteworthy development in the renewable energy landscape of Ukraine. This partnership not only indicates the successful launch of a significant wind project but also sets the stage for future investments in the energy sector, reflecting both economic and environmental aspirations for the country. As the region continues to recover and grow, investments such as these signal a promising future, advancing Ukraine's energy independence and sustainability goals.