Ukrainian agro-industrial holding MHP intends to raise $16.8 million in project financing or equity investment to build a 10 MW cogeneration unit in Vinnytsia Region. The project has been included in the Ukraine Investment Guide 2026, presented at the international Ukraine Recovery Conference 2026 (URC2026) in Gdańsk, Poland.
The total investment required for the project is estimated at $21.1 million. Of this amount, the company is ready to finance $4.3 million from its own funds, while the remaining $16.8 million is planned to be raised from external investors or financial institutions.
The future cogeneration unit will run on sunflower husks and generate around 233 GWh of renewable electricity annually. The project’s estimated internal rate of return (IRR) is 18.4%, making it attractive for potential investors.
Most of the electricity generated will be used to supply MHP’s own production facilities located near the site, including its oil extraction and feed mills. The company plans to sell surplus electricity on the wholesale market.
The feasibility study for the project has already been approved and the land lease has been secured. The next stages will include the selection of technological equipment, development of project documentation and preparation for construction. MHP plans to commission the facility in 2029.
The project will become part of the company’s strategy to develop its own energy generation and increase the share of renewable sources in its energy mix. As of the end of 2025, MHP already operated two biogas complexes with a total capacity of 18.9 MW, as well as solar photovoltaic plants with a total capacity of 12.7 MW. According to the company’s annual report, in 2025 solar generation and energy storage systems reached full operational performance for the first time.
In addition, in 2024 MHP completed the construction and launch of new biomethane and bio-LNG production capacities at one of its biogas complexes, with output of around 12,600 tonnes per year, and implemented a similar project at a biogas plant in Dnipropetrovsk Region. In early 2025, the facility in Dnipropetrovsk Region began commercial production of biomethane.
The company’s financial results also indicate continued resilient growth. In 2025, MHP’s revenue increased by 24% to $3.77 billion. Export revenue rose by 12% to $2.07 billion, accounting for 55% of the company’s total revenue, compared with 60% a year earlier. The holding’s net profit increased by 30% to $187 million, although the EBITDA margin declined from 19% to 15%.
