DTEK Closes Loan Agreement for 180MW Battery Storage Projects

Ukraine’s state savings bank leads financing for 180MW of battery storage

A consortium of lenders, including state-owned bank Oschadbank, has agreed to Ukraine’s biggest financing for battery energy storage system (BESS) projects to date.

DTEK closes loan agreement for 180MW battery storage projects

Image courtesy DTEK Ukrainian energy company DTEK has reached a loan agreement with a consortium of Ukrainian banks for five energy storage installations totalling 180MW. Oschadbank, along with PUMB and Ukrgasbank (UGB), are providing around €67 million ($76.3 million). Led by Oschadbank, DTEK says in a release that the loan in the largest financing yet of an energy storage project in Ukraine. The deal is also DTEK’s largest domestic loan agreem…