Rainoil – An Integrated Downstream Oil And Gas Company

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    Did Ukraine get a loan to build a battery energy storage complex?

    Solar panels of a rooftop in Kyiv, Ukraine. March 2, 2023. (Julia Kochetova/Bloomberg via Getty Images) This audio is created with AI assistance Ukraine's largest private energy company DTEK secured a $72-million loan to build one of the largest battery energy storage complexes in Eastern Europe, the company said on June 3.

    Why is Ukraine investing €140 million in energy storage?

    The €140 million total investment aims to enhance power grid stability, bolstering Ukraine's energy security and independence. The project will be the biggest operational energy storage portfolio in Eastern Europe at the time of commissioning.

    Who is funding the energy storage project in Ukraine?

    Ukraine's second most profitable bank, state-owned Oschadbank, state-owned Ukrgasbank, and PUMB will provide the funding for the project, which includes six energy storage installations across the country, totaling 200 megawatts to power 600,000 households.

    Is DTEK the largest private investment in Ukraine's energy sector?

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    How much electricity will Kyiv's power plant store?

    Together, they will store up to 400 MWh of electricity – enough to supply two hours of power to 600,000 homes (equivalent to roughly half the households in Kyiv).

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