Green projects become more accessible: OTP BANK and Avangard Solar sign memorandum of cooperation
A new partnership for the future of Ukrainian business. OTP BANK JSC has signed a memorandum of cooperation with Avangard Solar LLC, opening up new opportunities for the Bank’s clients to finance renewable energy projects and simplifying access to modern energy solutions.
Avangard Solar is a Ukrainian company specializing in the development, supply, and implementation of solar energy systems for businesses. The company has extensive experience delivering projects of varying complexity—from small commercial installations to large-scale energy solutions for the agricultural and industrial sectors—contributing to the energy independence of Ukrainian enterprises.
Within the framework of this partnership, OTP BANK clients will gain access to financing for investments in solar power plants on favorable terms. The Bank offers flexible lending instruments for businesses, including investment loans and working capital financing programs, enabling companies to implement energy-efficient projects without placing significant strain on their own resources.
OTP BANK’s financing provides an individual approach to each client, competitive interest rates, convenient repayment schedules, and the ability to structure transactions in line with specific business needs. The Bank actively supports projects aimed at improving energy efficiency, reducing electricity costs, and implementing sustainable solutions.
“We are consistently developing our green and energy efficiency financing direction. The signing of this memorandum with Avangard Solar allows us to offer clients a comprehensive solution—from technology selection to its financing. This is another step toward supporting the energy independence of Ukrainian businesses,” said Iryna Kabantseva, Head of Projects and Programs for Alternative Sales Channels at OTP BANK.
Key financing terms include:
- Loan tenor of up to 7 years with a minimum down payment of 15%, with the purchased equipment serving as collateral.
- Access to additional state support under the “Affordable Loans 5–7–9%” program, implemented by the Government of Ukraine through the Entrepreneurship Development Fund at the initiative of the President of Ukraine.
- Opportunity to receive compensation from the EBRD of up to 30% of the project cost.
- The highest level of such cashback is available to veteran-owned businesses, enterprises relocated from temporarily occupied territories, as well as companies that have suffered losses due to hostilities.
More details about the program are available via the link.
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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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