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SolarEarn
Maksym Skrypnyk founded SolarEarn in 2019, initially focused on developing small-scale solar parks in Ukraine's Lviv region to capture the state's green...
SolarEarn
Maksym Skrypnyk founded SolarEarn in 2019, initially focused on developing small-scale solar parks in Ukraine's Lviv region to capture the state's green tariff incentives. The business model pooled investor capital into individual project SPVs, each tied to a specific installation with a guaranteed off-take price — a structure that appealed to European retail and institutional investors seeking exposure to Eastern Europe's renewable infrastructure. SolarEarn's deployment targets ground-mount solar photovoltaic projects, spanning development, construction, and operational phases. Confirmed portfolio assets include multiple installations in the Lviv and Ivano-Frankivsk oblasts, with generation capacity in the low megawatt range per site. The firm operates across Western Ukraine, with recent expansion signals toward Poland and the Baltic states as EU interconnection accelerates. Its investor base includes European crowdfunding platforms, family offices, and direct subscribers to SolarEarn's own debt and equity instruments, which carry tenors aligned to the projects' residual feed-in tariff terms. The firm is led by Skrypnyk, whose background spans renewable energy project management and corporate finance. Team size is undisclosed. SolarEarn maintains a lean operational footprint centered on Lviv, without disclosed satellite offices. In 2022, Russia's invasion of Ukraine disrupted construction timelines across the firm's pipeline; SolarEarn resumed active development in 2023, pivoting toward dual-purpose agrivoltaic arrays — installations that combine solar generation with agricultural use of the underlying land — on sites less affected by hostilities. SolarEarn's structural differentiator is its status as a Ukraine-domiciled, investor-facing developer: it originates projects for external capital rather than proprietary utility-scale balance sheets, effectively syndicating physical photovoltaic assets to European investors who would otherwise lack direct access to Ukrainian infrastructure. This matches the firm's post-war positioning as a conduit for reconstruction-aligned energy capital into Western Ukraine.
General information
Firm type
Asset Manager
Year founded
2019
AUM
Undisclosed
Location
Region
Europe
Country
Ukraine
City
Lviv
Corporate office
Lviv, Ukraine
Principals
Maksym Skrypnyk
Founder & CEO
Sector focus
Frequently asked questions
Who runs investment decisions at SolarEarn?
Maksym Skrypnyk, the founder and CEO, leads investment origination and project selection. His background combines renewable energy project development with corporate finance, and he is the public face of all fundraising and asset-level decisions. No investment committee beyond the founder has been publicly identified.
How does SolarEarn source proprietary deal flow?
SolarEarn sources land and interconnection rights directly in Western Ukraine through local partnerships and regional development authorities. The firm's Lviv base and focus on smaller-scale ground-mount installations allow it to avoid competition with large international utility developers. Post-2022, it has increased emphasis on dual-purpose agrivoltaic sites, which often face fewer competing bids.
Is SolarEarn structured as a single family office or does it operate more like a venture firm?
Neither — SolarEarn is an asset manager and project developer that raises capital from external investors, including crowdfunding platforms, family offices, and direct subscribers, to fund individual solar project SPVs. It is not a family office and does not take venture-style equity positions in operating companies.
Does SolarEarn participate in fund commitments or only direct deals?
SolarEarn operates exclusively through project-specific SPVs, with investors subscribing directly to debt or equity instruments tied to individual solar installations. The firm has not publicly launched a blind-pool fund vehicle; all known commitments are project-linked.
Which sectors does SolarEarn explicitly avoid?
SolarEarn has not publicly disclosed explicit sector exclusions, but its entire known footprint is limited to ground-mount photovoltaic solar generation. There is no evidence of activity in wind, battery storage, hydrogen, or thermal generation, and it has not expanded into residential rooftop or commercial-and-industrial installations.
Where does the underlying capital come from?
Capital is sourced from European retail investors via crowdfunding platforms, alongside direct subscriptions from European family offices and high-net-worth individuals. The investor base is primarily EU-domiciled, reflecting the firm's marketing toward those seeking Ukrainian renewable exposure under the former green tariff regime and now under evolving EU-Ukraine electricity market integration.
What is SolarEarn's known posture on co-investments alongside external GPs?
SolarEarn has not publicly co-invested alongside institutional general partners in a disclosed fund structure. Its model is project-by-project syndication where the firm itself acts as the originating developer and sponsor, offering participation to individual and family-office investors rather than alongside third-party fund managers.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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