The Varto platform provides access to investments in operating infrastructure assets. The first asset is a 10.4 MW wind power plant in Zakarpattia region.
Project Overview
An operating wind power plant based on two industrial-class wind turbines with a total capacity of 10.4 MW located in Zakarpattia region.
- Annual generation: 30–32 million kWh
- Operational lifespan: up to 25 years
The asset was commissioned on June 23, 2025, connected to the Unified Energy System of Ukraine, and sells electricity on market terms. The financial model is based on the asset’s historical operating data. Existing O&M contracts and a SCADA system ensure real-time generation monitoring.
For investors, this means there is no construction or commissioning phase — income is generated from the moment of entry.
Investment is structured through a mutual investment fund (Closed-End Diversified Corporate Investment Fund “Real Estate Growth Fund”), which will acquire a 49% stake in the asset. The fund is managed by Portofin AMC. The acquisition of the stake is carried out in stages — in tranches starting from UAH 50 million — to minimize idle capital for investors.
All settlements and securities accounting are conducted through the licensed independent broker Univer Capital.
Key Financial Indicators
| Indicator | Value |
|---|---|
| Average total return | 14.29% per annum (EUR) |
| Quarterly payouts | 11–13% per annum (EUR) |
| Payback period | 8 years |
| Investment horizon | 11 years |
The financial model has been reviewed by the international audit firm Kreston. Conclusion: the model is based on relevant and achievable data; ROI and payback period indicators are attainable.
Why the Project Is Investment-Attractive
- Operating asset — no construction risks, generation confirmed
- Structural electricity deficit in Ukraine supports favorable market prices
- Regular quarterly payouts — income throughout the investment period
- Currency hedge — electricity prices correlate with the EUR exchange rate
- Tangible asset — direct ownership of a share in energy infrastructure in a protected region
- Independent Kreston review confirms performance indicators
- Accessible entry threshold — from UAH 122,000
Business Model
The fund owns 49% of the wind turbines. The operator (LLC “NV-3”, holder of 51%) is responsible for operation, maintenance, and electricity sales.
Revenue consists of two components:
- Fixed — a guaranteed payment of 5% per annum, independent of market conditions and weather. Secured in the Lease Agreement.
- Variable — based on actual generation and market price, with no upper cap, above the minimum guaranteed income.
Payouts are made quarterly, accrued from the acquisition date. Exit after 11 years — asset sale and proportional distribution according to ownership shares.
Legal Structure
Investments are structured through the Ukrainian Closed-End Diversified Corporate Investment Fund “Real Estate Growth Fund,” which acquires a share in the wind turbines as real estate assets.
- Investors > purchase the fund’s investment certificates
- Portofin AMC > manages the fund in accordance with its charter
- The fund > acquires a 49% stake in 2 wind turbines (5.2 MW each)
Transparency and Control
Through a personal account on the VARTO platform, investors receive full access to asset information:
- Weekly reports on electricity generation and cash inflows
- Full documentation package: independent audit report (Kreston), electricity generation licenses, service contract (O&M), Environmental Impact Assessment (EIA), asset share purchase agreement, grid connection technical conditions
Project Partners
- LLC “NV-3” — asset operator and 51% owner, holder of electricity generation licenses
- Friendly Wind Technology + FWT Service — the only manufacturer of multi-megawatt wind turbines in Ukraine, 20–40 turbines per year (5.2 MW)
- Wind Parks of Ukraine — the largest wind power operator in Ukraine: 170+ MW under management, 300 million kWh generated in 2025, portfolio exceeding €420 million
- US Wind & Solar Ukraine — development and EPC, 7 completed projects
Investor Offering
Type of investment: Acquisition of mutual fund investment certificates
Total investment amount: €11.7 million
Minimum investment: from UAH 122,000 (122 certificates)
Full investment memorandum, financial model indicators, and the independent Kreston opinion are available via the link.
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