Notus Wind (IFC-51798)

Regions
  • Europe and Central Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • Ukraine
Geographic location where the impacts of the investment may be experienced.
Specific Location
Odesa Oblast
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
May 15, 2026
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Notus Energy GmbH
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 81.30 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 70
Converted using 2026-03-24 exchange rate.
Loan Amount (USD)
$ 81.30 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 70
Converted using 2026-03-24 exchange rate.
Project Cost (USD)
$ 268.28 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 231
Converted using 2026-03-24 exchange rate.
Bank Documents
Other Related Projects
Primary Source

Original disclosure @ IFC website

Updated in EWS Apr 1, 2026

Disclosed by Bank Mar 24, 2026

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

As stated on the project disclosure page, IFC is considering a senior loan to support the construction and operation of a 120 MW wind power plant (WPP) in Odesa Oblast of Ukraine. The Project is developed by a special purpose vehicle established by Notus Energy GmbH, a German-based independent renewable energy producer and contractor. More information about the Sponsor may be found at: www.notus.de/en.

The Project consists of the development, construction, operation, and maintenance of the wind farm, which is anticipated to be operational for around 20 years. The Project will involve the installation of 21 wind turbine generators (WTGs). Each turbine has a rated capacity of 5.9 MW and a rotor diameter of 163 meters. The standard hub height is set at 125 meters. In addition to the WTGs, the Project includes the construction of internal service roads, an off-site access road, underground cable networks, an approximately 8 km 110 kV overhead transmission line, and a 110/35 kV substation. During Project construction, road construction material will be delivered from external sources, and concrete will be delivered from an offsite facility, or possibly from a mobile mixing plant within the Project area.A lenders’ environmental and social consultant (LESC) has been engaged on behalf of the Project lenders to undertake the environmental and social due diligence (ESDD).

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

As stated by the IFC, the project is majority owned by Notus Energy GmbH, a German renewable energy producer and contractor with more than 1.6 GW of wind capacity installed worldwide. The shareholder structure of the Project also envisages minority shareholders: (1) Horizon Capital, a leading private equity firm operating in Ukraine and Moldova, via their newly established Catalyst Fund and (2) Green for Growth Fund.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Green for Growth Fund Investor Finance
- - - - HORIZON CAPITAL Investor Finance
- - - - NOTUS Energy Client Energy

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Client - NOTUS energy GmbH:

Anastasiia Bardeha - Senior Corporate Finance Manager
Email: anastasiia.bardeha@notus.de
Address: Parkstraße 1, 14469 Potsdam, Germany
Website: www.notus.de 

Viktoriia Gatsko - Project Manager
Address: Ukraine, 04071 Kyiv, 58 Yaroslavska St., block B
Email: viktoriia.gatsko@notus.ua 

General IFC Inquiries - IFC Communications:

Address: 2121 Pennsylvania Avenue, NW, Washington DC 20433
Telephone: +1 202-473-3800
Fax: +1 202-974-4384

ACCESS TO INFORMATION

You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries

If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.

ACCOUNTABILITY MECHANISM OF IFC/MIGA

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org

How it works

How it works