Wind as a resource: modern energy independence solutions for Ukrainian businesses from OTP BANK and Sirocco Energy
Transitioning to in-house energy generation gives businesses greater control over costs, ensures operational stability, and unlocks new opportunities for growth. To support the energy independence of Ukrainian businesses, OTP BANK JSC and Sirocco Energy have signed a memorandum of cooperation.
Sirocco Energy is an innovative company operating in the United States and Ukraine that develops decentralized energy solutions by manufacturing a new generation of wind turbines designed for seamless integration into existing industrial infrastructure. The key advantage of the technology lies in its economics: the cost of power generation ranges from just USD 0.04 to 0.08 per kWh, enabling businesses to achieve payback within 2–7 years while strengthening their energy independence. Thanks to their unique linear design, the turbines require up to ten times less space compared to traditional alternatives. This makes them an ideal solution for industrial sites, allowing companies not only to consume their own green energy but also to reduce overall operating costs through self-generation.
As part of the partnership, OTP BANK will provide clients with financing solutions for the implementation of Sirocco Energy projects.
“The key value of wind power generation lies in the opportunity to secure a reliable and predictable source of energy that ensures uninterrupted operations. In addition, such projects are an important component of the ESG approach, as they contribute to environmental sustainability by reducing carbon footprints while also enhancing companies’ business reputation and investment attractiveness. OTP BANK supports businesses in their transition to energy-efficient and green technologies by offering a wide range of modern solutions from trusted partners alongside competitive financing terms. Our clients can rely on comprehensive support at every stage of implementing their energy projects,” said Olha Volkova, Director of Sales for Medium and Small Corporate Clients at OTP BANK.
Benefits of financing from OTP BANK:
- financing without additional collateral;
- accelerated application review process;
- possibility establishing a grace period for principal repayment;
- minimal documentation package required — financial statements and a client application form.
Clients may also benefit from state support under the “Affordable Loans 5–7–9%” program implemented by the Government of Ukraine at the initiative of the President of Ukraine through the Entrepreneurship Development Fund. In addition, businesses may qualify for compensation from the European Bank for Reconstruction and Development covering up to 30% of the project cost.
More detailed information about the program terms is available via the link.
Share these news with friends!
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.
Additional information
