Energy of change: OTP BANK and Aldo Energy combine finance and technology in energy efficiency
OTP BANK JSC has entered into a cooperation agreement with the Ukrainian office of the Turkish company Aldo Energy, opening up new opportunities for businesses in implementing energy-efficient technologies. The partnership provides comprehensive support to enterprises in transitioning to more sustainable and energy-independent consumption models.
Aldo Energy, operating since 2014 as part of the ALDO Group founded in 1969, specializes in renewable energy projects. The company offers a full range of services – from feasibility studies and engineering support to design, equipment supply, construction, commissioning of turnkey solar and wind power plants, as well as ongoing maintenance.
OTP BANK is ready to finance energy projects implemented by Aldo Energy on attractive terms. Clients gain access to effective tools for the rapid implementation of energy-efficient initiatives, helping minimize risks associated with unstable energy supply. In particular, the Bank enables businesses to secure financing tailored to the specific parameters of each project. Key terms include financing for up to 7 years with a minimum down payment starting from 15%. The purchased equipment serves as collateral. Additionally, entrepreneurs can benefit from the state program “Affordable Loans 5–7–9%”, implemented by the Government at the initiative of the President of Ukraine through the Entrepreneurship Development Fund. A grant component from the EBRD of up to 30% of the project cost is also available. The highest level of such cashback is offered to veteran-owned businesses, companies relocated from temporarily occupied territories, and businesses affected by war-related damage.
“Financing energy-efficient projects is one of OTP BANK’s key strategic priorities. We view it not only as a business opportunity but also as a contribution to strengthening the country’s energy resilience. By developing partnership programs, the Bank creates conditions that provide companies with access to attractive financing, while our partners ensure high-quality implementation of comprehensive engineering solutions. As a result, businesses receive not just a loan, but a fully-fledged tool for transitioning to more efficient and energy-independent consumption models,” said Iryna Kabantseva, Head of Projects and Programs for Alternative Sales Channels at OTP BANK.
OTP BANK will continue to actively develop its energy project financing segment, expanding its partner ecosystem and offering clients full support – from expert assessment and turnkey project implementation to structuring optimal financing terms.
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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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