In these difficult times, when the Russians are destroying Ukraine’s energy infrastructure almost every day, anyone can support energy workers and even make money by investing in the energy sector. Starting November 14, Ukrainians can become co-owners of the Ukrainian energy system.
In these difficult times, when the Russians are destroying Ukraine’s energy infrastructure almost every day, anyone can support energy workers and even make money by investing in the energy sector. Starting November 14, Ukrainians can become co-owners of the Ukrainian energy system.
Inzhur opened the Inzhur Energy fund for such investments, having previously won the tender of NPC Ukrenergo for the provision of auxiliary services in the balancing market. Recall that the state has chosen a strategy of decentralization through the construction of small power plants. To this end, Inzhur will build a gas-fired power plant with a capacity of 18 MW by September 2025.
«Ukrainians are so cool that when the Russians turn off their lights, they go to invest in new generation. Currently, the construction of a gas-piston shunting power plant near Kyiv has begun, we have already signed a contract with Ukrenergo for five years. At the same time, we are immediately designing the generation for 36 MW, not 18 MW, because we understand the prospects of this type of service. We received technical conditions for connection to the electricity and gas grid, signed a contract for the supply of a gas-piston installation, and paid the guarantee fee to Ukrenergo.»
dev.ua learned how to invest in energy profitably and also earn money from it, how much you can earn, and talked to those who have already joined the Inzhur Energy investor cohort, among whom there are already 1,866 co-owners who have raised over UAH 346 million.
Inzhur is the first investment company in Ukraine operating under the REIT model. This business model allows retail investors to jointly own large real estate properties: the company manages the property, and investors become its co-owners and receive profit from the activities. Current figures: the company has UAH 2.4 billion in assets under management, UAH 301 million in dividends paid, and more than 12,000 co-owners.
Inzhur is a member of the American National Association of Real Estate Investment Trusts (NAREIT) and the European Association of Public Real Estate Associations (EPRA).
Inzhur’s activities are governed by the Law of Ukraine on Collective Investment Institutions (CIIs). The state regulator is the National Securities and Stock Market Commission (NSSMC).
Inzhur is required to undergo an annual independent financial audit every year. Each fund undergoes it, and the auditor is Deloitte, an international company from the Big Four.
Independent valuation of fund assets is carried out by Baker Tilly.
Annual audit reports, fund regulations, terms and conditions, certificates, etc. are publicly available on the Inzhur website.
According to Zhurzhiy, the total cost of the project is 11 million euros. And 3 million euros of them were invested directly by the founder of Inzhur himself. Already 1866 potential co-owners of the power plant have contributed funds so that Ukrainian energy can flourish.
Anyone can become a co-investor in the facility. Given the minimum investment of only 6,000 UAH, this opportunity is available to most Ukrainians. «The opportunity to invest will not be open for long, a maximum of two months, because the value of the certificates will increase with each month,» emphasizes Zhurzhiy.
For the first phase of construction of +18 MW, it is planned to attract 4 million euros from private investors and another 4 million euros of financing from the state bank to pay for the equipment. As for the second phase, private investors will be able to contribute another 4 million euros, these funds will go towards prepayment for the equipment.
The projected average annual return for investors will be 15% per annum in dollars. This is 75% per annum in dollars over five years using the simple interest formula.
The fund operates on the principle of capitalization. Inzhur Energy does not provide for monthly dividends: the payment received from the sale of electricity is distributed to operating expenses and invested in the construction of the second stage of power plants. The co-owners of the fund will receive income only from the annual revaluation of certificates (capitalization). The first revaluation will take place in early 2026 based on the results of 2025.
The fund will operate for five years, until June 28, 2029. Currently, the starting minimum investment cost (one certificate) is from UAH 6,000.
You can exit your investment in the Inzhur Energy fund at any time — and it happens really quickly: within a few hours on any business day.
As of now, Inzhur Energy’s work has become surprisingly productive.
Over 36,767 certificates were sold, raising UAH 346,079,598 in investments. 1,858 new co-owners joined the project with an average check of UAH 119,743.76.
As of November 2024, the company has already paid a guarantee fee of EUR 540,000 to Ukrenergo under the contract for ancillary services. A contract has been concluded for the supply of equipment for 18 MW and 30% of the cost to start its production in the amount of EUR 1,826,700 has been paid to the supplier.
Currently, Inzhur Energy LLC has technical conditions for connection to the power grid approved by NPC Ukrenergo, and construction of a power plant with a total capacity of 36 MW has already begun, the first stage of construction is for 18 MW.
Here are some reviews from investors, many of whom are IT professionals, who participated in funding the energy facility and may become owners of a part of the Ukrainian energy system, about why they decided to invest in Inzhur Energy .
«I have been an investor in Inzhur for a year and a half, and during all this time they have always fulfilled or exceeded their promises. Therefore, when the opportunity arose not only to diversify their investments, but also to support the Ukrainian energy sector, there was not even a question of whether it was worth investing.»
«The high expected profitability is attractive, calculated very conservatively and only for the first phase of construction of the power plant. And there will be a second phase, which will further increase profitability and which is not taken into account in the current calculations.»
Another factor is trust in Inzhur based on the facts of successfully completed projects and those that are currently active and clearly paying dividends. Everything they promise, they have so far fulfilled and even exceeded.
Five years without paying dividends is not a problem, but an advantage. All profits go into expanding production, its capitalization grows.
There are no intermediate losses from dividend payments and their taxation while the project is developing, which will only increase the final value of the certificates. It is like an accumulative ETF. There is no need to manually reinvest current profits, which is convenient and good for long-term investors. It can grow into something bigger: for example, into a rather large energy company.
It is interesting, pleasant and profitable to participate in its launch. It is nice to be involved in something useful and ambitious. The last on my list of advantages of such an investment, but not in importance, is a part of the energy security of our country.
Why am I investing in energy with Inzhur? Because there is already a contract for revenues, a won tender, and purchased land. That is, there is no question of profitability.
The generation is not so powerful as to be a target for missiles, and it is protected from the shaheeds by concrete. You can worry less about its integrity than about an apartment in Kyiv.
Considering the current shortage of balancing electricity, this facility will definitely operate for the next five years, not only under contract, and will increase in value.
When it comes to the option of where to invest in victory — through government bonds or through energy — this one looks much better.
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