Business news from Ukraine

Business news from Ukraine

Oschadbank to finance SES and UZE in Transcarpathia with EUR 10.8 mln

7 July , 2025  

Oschadbank has signed an investment loan agreement worth EUR 10.8 million with Helios Strategia Group’s subsidiary, Elio Luchky LLC, to finance the construction of a solar power plant with an installed capacity of 22.35 MW, inverter capacity of 16 MW and an energy storage facility (ESF) with a capacity of 33.44 MWh.

According to the bank’s press release on Monday, the solar power plant and energy storage facility will be located in the Mukachevo district of Zakarpattia region, with commissioning scheduled for January 2026.

“Our agreement with Helios Luchky is a 7-year project financing deal. These are the same “long-term” funds for new construction that are needed for economic development. I am glad that more and more such investment projects are being implemented,” commented Yuriy Katsion, Deputy Chairman of the Management Board of Oschadbank, responsible for corporate business.

According to him, this project is significant in terms of combining technologies that will ensure maximum profitability when selling electricity on the day-ahead market.

In his opinion, this is a good example of a balanced approach to the development of the country’s decentralized energy system.

“This project is not only a step towards a new decentralized energy sector, but also a demonstration of the technological readiness of Ukrainian companies to implement complex infrastructure solutions. We are grateful to the Oschadbank team for their partnership and belief in high-quality projects for a new energy future,” said Olena Skrypnyk, founder of Helios Strategia.

The release states that the international engineering group Helios Strategia specializes in EPC projects for solar energy and the implementation of renewable energy solutions for the industrial and commercial sectors. The total capacity of solar power plant projects in which the group has participated reaches 1.2 GW. The group’s other facilities are located mainly in the Dnipropetrovsk region, as well as in the Odesa and Mykolaiv regions.

As reported at the end of June, according to Yevhen Myachyn, Director of the Corporate Business Development and Support Department at Oschadbank, since the beginning of 2025, the volume of energy loan agreements concluded by Oschadbank with corporate clients has increased to EUR93 million, of which approximately 45% are energy storage facilities (ESF), 43% are wind farms, and 12% are ESF together with solar power plants.

 

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