Concorde Capital, an investment group founded by investment banker Ihor Mazepa, plans to bring 18.4 MW of gas engine generation online in early 2026. The project is currently under construction and is being implemented within the Encraft energy platform, which focuses on distributed generation and energy storage systems.
According to Mazepa, Concorde Capital acts as the anchor investor in the project, taking responsibility for structuring the financing, attracting partners, and executing a subsequent exit through the sale of the completed asset. This approach reflects a build-to-sell model aimed at institutional investors and strategic buyers in the energy sector.
In parallel, the group plans to actively scale its energy storage segment. By the end of 2026, Concorde Capital intends to commission up to 40 MW of storage capacity with total energy storage of 160 MWh across various regions of Ukraine. The primary focus is on flexible solutions capable of operating amid unstable generation and high electricity price volatility.
Concorde Capital notes that a shortage of generation capacity, growing demand for balancing power, and price fluctuations are creating a sustainable investment opportunity at least through 2029. As a result, the group is prioritizing a combination of gas engine power plants and battery storage as the fastest-to-deploy technologies with predictable economics.
The Encraft project is open to co-investment, including participation by private and institutional investors interested in entering Ukraine’s energy sector during the recovery phase and ongoing structural transformation of the market.
The energy segment has become one of Concorde Capital’s strategic priorities following the acquisition in early 2025 of oilfield services company Beiken Energy Ukraine, the Ukrainian subsidiary of China-based Beiken. Market participants estimate the value of that transaction at approximately $25 million.
Total initial investments into Mazepa’s newly established energy generation platform are estimated to exceed $60 million. Looking ahead, the group is also considering the construction of wind and gas power plants, forming a diversified energy portfolio with a focus on rapid deployment and scalability.
