OTP Bank and MIUTEC expand opportunities for businesses to invest in energy storage systems
JSC OTP Bank and MIUTEC LLC, a progressive Ukrainian electrical engineering and energy integrator, have signed a cooperation agreement in the field of financing energy-efficient solutions for Ukrainian businesses.
The new partnership enables clients to purchase energy storage equipment from MIUTEC on favourable terms with financing provided by OTP Bank.
“Energy storage systems enable enterprises to accumulate electricity during the most optimal periods and use it when it is needed most, helping them manage energy consumption more efficiently and strengthen their energy resilience. Together with MIUTEC, we are making these technologies more accessible to businesses through the Bank’s financing opportunities,” said Iryna Kabantseva, Head of Projects and Programs for Alternative Sales Channels at OTP Bank.
OTP Bank’s financing programme provides an individual approach to each client’s needs, flexible loan structuring, convenient repayment schedules, and competitive interest rates. The Bank processes applications promptly and ensures timely support for projects. Financing is available for up to 7 years with a minimum down payment of 15% and no additional collateral required. To apply, clients only need to provide financial statements and an application form.
To reduce the financial burden associated with implementing energy-efficiency projects, OTP Bank clients can take advantage of the government-backed Affordable Loans 5-7-9% Programme, implemented by the Government of Ukraine through the National Development Institution. In addition, clients may qualify for an EBRD incentive of up to 30% of the project cost. More information about the programme is available via the link.
MIUTEC LLC is well known in the market as a reliable electricity supplier operating at market-based prices, offering flexible commercial terms and tailored payment schedules for businesses. The company is also actively developing its technology business through the sale and professional installation of modern Battery Energy Storage Systems (BESS/ESS).
Thanks to its own portfolio of energy storage solutions, MIUTEC helps businesses create autonomous energy hubs, smooth peak loads, and ensure uninterrupted production processes during grid restrictions.
The company provides a comprehensive approach to client service, from energy trading to turnkey integration of energy storage systems. This enables businesses to significantly optimise operating costs and strengthen their energy security.
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
