DTEK has entered into a large-scale loan agreement with a consortium of Ukrainian banks led by Oschadbank to finance one of the largest energy storage system complexes in Eastern Europe. The total loan amount is approximately 3 billion hryvnias (67 million euros), marking the largest domestic loan in the company’s history aimed at developing Ukraine’s new energy infrastructure.
This is reported by Finway
Project Scope and Financing Terms
Under this agreement, DTEK plans to build five energy storage facilities with a total capacity of 180 MW. Overall, the company intends to construct six such facilities in various regions of the country, with the total capacity of the complex reaching 200 MW. The remaining investments in the project will come from the company’s own funds. According to the terms of the loan agreement, financing will continue until September 25, 2030.
Impact on Ukraine’s Energy System
The implementation of modern energy storage systems will enable the supply of electricity to up to 600,000 Ukrainian households simultaneously. The completion of all facilities is scheduled for 2025.
“Such financial cooperation among Ukrainian businesses in the energy sector leads to the accelerated construction of new energy capacities in Ukraine, contributes to the restoration of energy potential, and strengthens the country’s energy security.”
Attracting significant investments and support from the banking sector contributes to the restoration of the state’s energy potential, as well as strengthening its energy independence and security.