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The loan will be provided by state-owned Oschadbank, Ukrgasbank and PUMB. DTEK has secured a $72m loan to construct what has been described as one of the largest battery energy storage (BESS) facilities in Eastern Europe. The funding will be provided by the state-owned Oschadbank, Ukrgasbank and PUMB. Before Russia’s full-scale invasion in February 2022, renewable energy accounted for 10% of Ukraine’s energy grid. Kyiv aims to increase this share to 27% by 2030, as reported by The Kyiv Independent. The loan, which represents DTEK’s largest domestic financing agreement for new energy infrastructure, will help cover a portion of the construction expenses for five installations in Ukraine. These installations will have a total capacity of 180MW. The agreement is set to last until 25 September 2030. DTEK, owned by Ukraine’s wealthiest individual, Rinat Akhmetov, will finance the remaining costs. |
