Support OJ 
Contribute Today
En
Support OJ Contribute Today
Search mobile
Business

Ukraine launches loan program for business distributed energy projects

Ukraine launches loan program for business distributed energy projects
Article top vertical

Medium and large businesses can now apply for a new state support programme for distributed generation projects.

This was reported by the press service of the Ministry of Economy, Environment, and Agriculture.

As noted, the programme will allow companies to attract loans at 10% annual interest for the construction of new power generation capacity, energy storage systems, and other critically important energy infrastructure. The maximum loan amount is up to €25 million in the hryvnia equivalent.

“Thanks to the programme, enterprises will be able to attract loans ranging from €1 million to €25 million in hryvnia equivalent. For projects in frontline territories, the minimum loan size will be €500,000. The loan term is up to 5 years, with the possibility of a payment deferral of up to 12 months during the construction and commissioning period,” the statement said.

State support will cover projects involving the creation of:

  • energy storage systems
  • gas turbine and gas piston units, including cogeneration systems
  • biomass, biogas, and geothermal energy facilities
  • electrical grids and equipment for connecting new capacity
  • energy islands and microgrids

Priority during selection will be given to projects in Kyiv, Kyiv Region, Kharkiv Region, Zaporizhzhia Region, and Kherson Region, as well as other regions where energy security is especially critical.

Applications for participation in the programme can be submitted through 14 authorized banks.

Share this article

Facebook Twitter LinkendIn