Solar energy becomes more accessible: OTP BANK announces partnership with SOLAR FAMILY
OTP BANK JSC is expanding opportunities for its clients and launching a partnership with SOLAR FAMILY, one of the experienced players in Ukraine’s solar energy market. The new collaboration opens up additional opportunities to invest in energy independence, helping reduce electricity costs while contributing to environmental sustainability.
SOLAR FAMILY is a professional installer of solar power systems with over 13 years of experience. The company has delivered more than 1,500 projects of varying complexity and scale for both households and businesses. It directly supplies equipment from leading global manufacturers and provides a full range of services — from design and installation to ongoing technical maintenance of solar power plants.
What does this partnership offer OTP BANK clients?
Through the cooperation between OTP BANK and SOLAR FAMILY, clients gain convenient access to financing for solar power installations. This means customers can invest in their energy independence today without the need to cover the full cost of equipment upfront.
OTP BANK offers flexible financial solutions that allow clients to spread costs over time and transition more quickly to their own electricity generation. In addition, clients receive a comprehensive turnkey solution—from selecting the optimal system configuration to commissioning and ongoing service support. This significantly simplifies the process and makes the transition to solar energy as smooth and convenient as possible.
“Our team is committed to providing clients with modern and practical solutions that address today’s challenges. Cooperation with SOLAR FAMILY enables us to offer not only financing, but also access to high-quality renewable energy solutions. This is an investment in energy independence, stability, and the future,” said Iryna Kabantseva, Head of Projects and Programs for Alternative Sales Channels at OTP BANK.
What are the lending terms offered by OTP BANK?
- Loans are available for up to 7 years with a down payment starting from 15%, without additional collateral. A minimal set of documents is required to apply—financial statements and an application form, which are reviewed within a shortened timeframe.
- Clients may also participate in the government program “Affordable Loans 5–7–9%,” implemented by the Government of Ukraine at the initiative of the President through the Entrepreneurship Development Fund.
- Additional compensation from the EBRD of up to 30% of the project cost is also available.
- Clients can benefit from a grace period on principal repayment.
More information is available here.
Earlier this year, OTP BANK also entered into partnerships with Energy Alternative LLC, AMIX-COMPLEX LLC, and VIATEC.
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Public Joint Stock Company OTP Bank is a subsidiary of OTP Bank, which is the largest independent Central-Eastern-European banking group. JSC OTP Bank is one of the largest domestic banks, a recognized leader in the financial sector of Ukraine. The Bank provides a full range of financial services to corporate and private customers, as well as to small and medium enterprises. The bank entered the Ukrainian market in 1998, and since then it enjoys a staunch reputation of socially responsible, reliable and stable institution providing its consumers with services of European quality standard.
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