Own solar power generation becomes more accessible for businesses through the OTP Bank and My Sun Energy partnership
JSC OTP Bank continues to actively expand its energy financing offering for businesses. As part of these efforts, My Sun Energy has joined the Bank’s partner network, with the parties formalizing their cooperation through the signing of a memorandum of partnership.
The combination of My Sun Energy’s expertise in solar power solutions and OTP Bank’s financing capabilities creates favourable conditions for businesses to implement energy projects of any scale and complexity. The partner company delivers turnkey solutions, covering the entire project lifecycle, from design and equipment selection to the construction of solar power plants and the implementation of energy storage systems. Each project is tailored to the client’s specific needs and business requirements, while OTP Bank ensures prompt application processing and timely financing support.
“Today, it is no longer enough to simply provide a loan. Businesses expect a comprehensive solution where financing, technology, and professional support work together. That is exactly the type of partnership we are building at OTP Bank. It enables our clients to launch self-generation projects faster and invest in energy efficiency with predictable financing terms,” said Iryna Kabantseva, Head of Projects and Programs for Alternative Sales Channels at OTP Bank.
Financing terms offered by OTP Bank:
- Financing for up to 7 years with a minimum down payment of 15%;
- A streamlined documentation package requiring only financial statements and an application form;
- Accelerated review of financing applications;
- The option to establish a grace period for principal repayment;
- Financing without additional collateral.
Clients may also benefit from state support under the Affordable Loans 5-7-9% programme, implemented by the Government of Ukraine at the initiative of the President through the National Development Institution.
In addition, businesses may qualify for an EBRD incentive of up to 30% of the project cost. The maximum level of compensation is available to veteran-owned businesses, companies relocated from temporarily occupied territories, and enterprises that have suffered losses.
More information 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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