The Metinvest Group will use loan financing from the Black Sea Trade and Development Bank (BSTDB) for energy projects designed to reduce the company’s carbon footprint. These include the development of its own solar power generation capacity and the support of critical energy infrastructure.
According to the group’s press office, the agreement was signed during the Ukraine Recovery Conference (URC 2026) in Gdańsk.
The loan agreement with the BSTDB has been concluded for a term of seven years. In total, the plan is to raise €20 million over the entire period. These funds are earmarked for a number of energy projects, particularly in the renewable energy sector. For example, Metinvest will install its first solar power stations. Their total capacity is estimated at 37 MW.
Metinvest describes its new partnership with the CEB as a continuation of its long-standing cooperation for the company’s sustainable development and as evidence of the group’s commitment to the modern direction of industrial development.
“Our cooperation with the CEB is a confirmation of confidence in Metinvest’s long-term strategy. This funding will help us modernise our production facilities, invest in renewable energy and strengthen Ukraine’s industrial potential,” said Yuriy Ryzhenkov, CEO of Metinvest.
The Black Sea Trade and Development Bank emphasised that it is committed to supporting resilient Ukrainian businesses.
“This financing will help to strengthen industrial production, enhance energy resilience and support Ukraine’s economic recovery. We also greatly value our partnership with the Japan Bank for International Cooperation (JBIC), which reaffirms our shared commitment to supporting Ukraine’s recovery and sustainable development,” said Serhat Koksal, President of the Black Sea Trade and Development Bank.
As previously reported, Metinvest has launched a second project aimed at producing DR pellets, which are required for the manufacture of green steel. To this end, a modern flotation and finishing complex is being built at the Northern Mining and Processing Plant in Kryvyi Rih.
EcoPolitica also reported that in the first quarter of 2026, the group of companies paid 190 million UAH in environmental tax.
