State-owned Oschadbank has entered into a loan agreement with Friendly Wind Technologies LLC (FWT), a Ukrainian wind energy equipment manufacturer relocated from Kramatorsk in 2022, to purchase a LIEBHERR LG 1750 self-propelled crane worth UAH 147 million, the bank’s press service reports.
In a release on Thursday, the company said that the project was financed using the opportunities of the state program “Affordable Loans 5-7-9%”, and the crane with such characteristics of lifting capacity, lifting height, and boom reach will be the second in Ukraine.
Oschadbank emphasized that the agreement is a consistent continuation of the partnership with the only manufacturer in Ukraine that produces 5.2 MW multimegawatt class wind power equipment on a turnkey basis.
“The degree of localization of production at FRANDLEY WIND TECHNOLOGIES LLC is currently about 40%, and the company plans to increase it to 70% in the near future, which will reduce the cost of wind turbines and help reduce the payback period of projects. The acquisition of our own assembly crane is one of the steps in this direction of the company’s development, which Oschadbank will continue to support,” said Yuriy Katsiyon, Deputy Chairman of the Board in charge of corporate business.
According to him, investments in the development of green energy are among the strategic goals of Oschadbank.
“In the current environment, the support of state-owned banks such as Oschad is crucial for the successful implementation of our projects. Thanks to bank financing, we not only introduce the latest technologies, but also promote energy decentralization, which is critical for Ukraine’s energy security during the war,” commented Vladyslav Yeremenko, CEO of FVT.
The release specifies that FVT has already started building the first phase of wind farms with 16 wind turbines.
As of early October, the first wind turbine installed in the Nyzhnevoritskaya community produced the first million kWh of green energy. The total installed capacity of all planned wind farms is estimated at 1.5 GW. The project is currently being implemented at the expense of private investors, and will be subsequently financed through bank syndicated lending. Oschadbank will also participate in supporting the project, the release said.
As reported, in March 2024, Yuriy Katsiyon said that Oschadbank would take part in the implementation of the project of Friendly Wind Technologies LLC to build a 520 MW wind farm in western Ukraine.
“FWT is engaged in the design and manufacture of components for wind power plants. It is responsible for the production of equipment in the construction project of the Ostrovsky wind farm of the Wind Parks of Ukraine company with a total installed capacity of 80 MW, located on the territory of the Nyzhnivoritska community on the border of Lviv and Zakarpattia regions.
In 2022, the Kramatorsk Heavy Machine Tool Plant, where wind turbines were manufactured by Fourlander Wind Technology, decided to relocate from Kramatorsk to Perechyn, Zakarpattia region.
According to the Opendatabot resource, Friendly Wind Technology LLC was registered in Perechyn in October 2022, with Vladyslav Yeremenko as the ultimate beneficiary and director.
