UKRGASBANK financed green projects for the total of UAH 1 billion since the beginning of the year

Since the start of the year 2017, UKRGASBANK has advanced green loans for the total of more than UAH 1 billion within the framework of unique for Ukrainian banking market strategy of ECO-banking.

Over half of the loan funds were directed towards the construction of solar power plants for the substantial increase of clean energy generation, which will be supplied to the wholesale electricity market of Ukraine. This will lead to a reduction of Ukraine's dependence on traditional energy sources.

UKRGASBANK financed significant number of projects aimed at construction of new wind power plants. This year the biggest bank’s project is the construction of Novotroitsky WPP with capacity of 70 MW, implemented by “Vindkraft Tavriya” company in Kherson region. The wind power plant will become one of the three most powerful wind power plants in Ukraine.

 «Development of alternative sources of energy is very important step towards achieving energy independence of Ukraine. That’s why UKRGASBANK as a leading green bank financially supports businesses that are engaged in these important projects for the country.  Implementation of such large-scale projects in cooperation with experienced international experts in the field of energy is a significant contribution to the development of a regional economy and to Ukraine’s economy as a whole”, - said Rodion Morozov, Head of Ecological Projects Department of UKRGASBANK.

Financing green and renewable energy projects is conducted in line with UKRGASBANK’s eco strategy aimed to improve energy efficiency of Ukraine’s economy and to achieve energy security.