Ukreximbank and Global 100 RE Ukraine: New Horizons for Energy Independence Financing

A significant meeting of business representatives, the professional community, and the state bank took place on December 9. The key topic was how to transform the challenges of the energy market into real investment projects.

In cooperation with Global 100 RE Ukraine, Ukreximbank held an extended discussion on financing projects in distributed generation and renewable energy. The event brought together representatives of the bank, developers, investors, and municipal representatives. The meeting was held online, with 45 participants in attendance.

The main conclusion of the meeting is that the state bank is ready not only to lend but also to act as a flexible partner, adapting its approaches to the needs of the real economy.

Strategy and Priorities

Roman Lukianchuk presented the updated lending strategy. The bank clearly categorized priority areas, including:

• Wind and solar power plants;

• Energy storage systems (BESS);

• Bioenergy projects (with an emphasis on alternative collateral and cash flow).

Particular emphasis was placed on the importance of feedback. As Oleksiy Korchmit noted, such meetings allow for overcoming barriers in lending and finding common ground between the financial institution and investors.

Financial Instruments: Figures and Opportunities

Participants were presented with specific mechanisms for attracting funds that are available today:

1. International Partnership (ECA)

Sviatoslav Kuzmych spoke in detail about cooperation with export credit agencies, particularly the Danish EIFO and Norwegian partners. This opens access to long-term financing:

• Amounts: from €200 thousand to €380 million (for projects starting from €1 million);

• Terms: from 5 to 15 years;

• Condition: compliance with local content requirements.

2. Risk Sharing Programs

Olga Fedorenko presented the energy independence support program with a total portfolio of €100 million (€20 million of which is specially allocated for SMEs).

• Maximum loan amount: up to €15 million;

• Loan term: up to 84 months.

3. Community Support

For municipalities and communal enterprises, Dmytro Aleksiuk outlined financing opportunities that require a clear definition of needs and support at the local council level.

Open Dialogue: Business vs. Bureaucracy

The meeting was not limited to presentations. A vital part was the Q&A session, where businesses requested procedural simplification. Specifically, Tetiana Lastovniak (Voltage Group) raised the issue of transitioning to electronic document management and reducing bureaucratic burden.

Bank representatives, including Andriy Moiseenko, confirmed the course towards transforming internal processes. Ukreximbank declares its readiness to find a balance between the strict requirements of the regulator and the interests of investors, considering individual conditions regarding collateral and owner guarantees.

🤝 The Position of Global 100 RE Ukraine

The Global 100 RE Ukraine union emphasized the meeting as a crucial stage in consolidating the efforts of the specialized business and financial sectors. Oleksiy Korchmit noted that the union’s function is not only to form a unified position among market players but also to overcome regulatory and financial barriers that slow down investment processes.

The union acted as an aggregator of key questions from its member associations, ensuring that the discussion touched upon the most sensitive and relevant topics for investors. The goal of Global 100 RE Ukraine is to ensure that the financial instruments offered by Ukreximbank are maximally adapted to the needs of developers, stimulating rapid recovery and development of distributed generation as the foundation of the country’s energy resilience.

Summary: The Bank is open to dialogue and ready to finance Ukraine’s energy independence. If you have a project, it’s time to take action.