Metinvest secures €20M loan to build first solar plants in Ukraine
What's the deal? Metinvest GroupDealroom has a profile for this one. Try Dealroom → has signed a seven-year, €20 million loan with the Black Sea Trade and Development Bank (BSTDB) to strengthen its energy resilience in Ukraine.
The deal, signed at the Ukraine Recovery Conference 2026, will fund the company's first solar power stations, with a combined capacity of 37MW.
The financing also supports critical energy infrastructure and aims to cut the steelmaker's carbon footprint.
Why now? Ukraine's energy grid remains under pressure from the ongoing war, pushing industrial firms to secure their own power.
"These funds will help us modernise our facilities, invest in renewable energy, and strengthen Ukraine's industrial base," said chief executive officer Yuriy Ryzhenkov.
The agreement was witnessed by Oleksiy Sobolev, Ukraine's Minister of Economy, Environment and Agriculture.
What could go wrong? Building solar plants in a country at war carries obvious risks, from infrastructure damage to delays.
The €20 million also covers only the first step of a much larger modernisation push.
The signal: The BSTDB's seven-year backing of a late-stage steelmaker signals that international lenders are willing to finance long-horizon industrial projects in Ukraine even with the war ongoing, with renewable energy emerging as the entry point for de-risking that exposure.
Read more: GMK Center
Image credit: OregonDOT
