OTP BANK expands financing opportunities for energy projects for businesses in partnership with UTEM SOLAR
OTP BANK JSC and UTEM SOLAR have launched a partnership aimed at supporting the energy independence of Ukrainian businesses. The new cooperation provides clients with access to attractive financing instruments, enabling them to quickly and efficiently invest in the installation of modern solar power systems, thereby increasing their level of energy autonomy.
UTEM SOLAR, which has been operating in the Ukrainian energy market for over 22 years, offers a full range of services, including design, equipment supply, and construction of solar power plants for businesses and private households. The company models systems based on consumption profiles, peak loads, and tariff structures to reduce costs, optimize electricity expenses, and ensure business continuity. It is also one of the market leaders in terms of the number of implemented systems using Victron Energy equipment.
“For OTP BANK, it is essential that clients not only have access to financing but also the ability to choose optimal energy solutions that truly support their growth and business resilience. We are joining forces with reliable partners to provide access to high-quality technologies and convenient financial tools. Whether it is standalone equipment, assistance in selection, or turnkey projects, we offer solutions that enable businesses to move towards energy independence,” said Iryna Kabantseva, Head of Projects and Programs for Alternative Sales Channels at OTP BANK.
The Bank is ready to finance the implementation of energy-efficient solutions offered by UTEM SOLAR. The loan programs feature favorable terms and are tailored to meet the specific needs of each client. A personalized approach to financing structuring, flexible repayment schedules, and competitive interest rates allow businesses to implement energy projects within short timeframes.
Key financing terms offered by OTP BANK include:
- loans with a tenor of up to 7 years, subject to a minimum down payment of 15%;
- the purchased equipment serves as collateral;
- companies may also benefit from the state program “Affordable Loans 5–7–9%,” implemented by the Government of Ukraine at the initiative of the President through the Entrepreneurship Development Fund;
- an additional grant component of up to 30% of the project cost is available through the EBRD.
Thanks to the prompt review of applications and timely financing, the Bank enables businesses to move forward with project implementation without delays, taking into account operational specifics and ensuring a balanced financial burden.
Detailed information about the program is 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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