Banks have financed energy projects worth over UAH 38 billion to strengthen Ukraine’s energy independence

Within the framework of a joint memorandum, Ukrainian banks have provided financing for energy projects for businesses and households in 21 regions for a total of UAH 38.7 billion. This was reported by the press service of the National Bank of Ukraine.

The financing covered the construction and restoration of 1.4 GW of generation capacity, as well as a 587 MW electricity storage system. From June 1, 2024 to March 1, 2026, more than 3 thousand loans were issued to legal entities for the amount of UAH 35.9 billion and more than 15 thousand loans to households for the amount of UAH 2.8 billion.

The main areas of investment were the construction of solar power plants, the installation of gas plants, and the development of hydro, bio, and wind generation. In addition, part of the funds — 587 MW — was directed to electricity storage projects, including batteries, inverters and storage systems, as well as to the modernization of heat supply.

As of March 1, 2026, the gross portfolio of energy loans amounted to UAH 25.7 billion for businesses and UAH 2.2 billion for individuals. The difference with the total amount of funds issued is explained by the gradual repayment of previously taken loans.

In 2025, the volume of net hryvnia loans to businesses increased by 33%, and for the first time since the beginning of the full-scale invasion, an increase in credit penetration into the economy from 7.7% to 8.7% of GDP was recorded. This indicates the restoration of business activity and the growth of the investment attractiveness of the energy sector.

Currently, 53 signatories have joined the memorandum. In February 2026, the National Bank improved its credit risk assessment methodology and banks updated financing terms. The Financial Stability Board initiated an update of the Lending Development Strategy to adapt to current economic conditions and ensure flexible business access to investment projects in the energy sector.