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Oschadbank Backs 22 MW Solar Project in Zakarpattia

by Roman Cheplyk
Monday, July 7, 2025
2 MIN
Oschadbank Backs 22 MW Solar Project in Zakarpattia

€10.8 million loan to Helios Strategia group will fund a utility-scale plant and 33 MWh battery storage

Snapshot

  • Lender: Oschadbank

  • Borrower: Elios Luchki (part of Helios Strategia)

  • Loan amount: €10.8 million

  • Project: 22.35 MW solar power plant with a 33.44 MWh energy-storage system

  • Location: Mukachevo district, Zakarpattia region

  • Scheduled commissioning: January 2026

  • Financing term: 7 years


Project Highlights

Integrated generation and storage

  • 22.35 MWp PV array, 16 MW inverter capacity

  • 33.44 MWh battery helps shift output to peak-price hours and stabilize the grid

  • Expected to sell electricity on the day-ahead market for higher margins

Technological maturity

  • Helios Strategia will deliver full EPC scope, underscoring Ukraine’s capability to build decentralized, modern energy assets.


Strategic Significance

  1. Long-term green investment: A seven-year facility signals confidence in Ukraine’s renewable sector despite wartime challenges.

  2. Grid resilience: On-site storage reduces curtailment risk and supports local voltage regulation.

  3. Regional development: The plant diversifies energy supply in Zakarpattia, a key transit area near EU borders.


Voices From the Deal

  • Yurii Katsion, Deputy Chairman, Oschadbank:
    Investing in clean power with integrated batteries delivers attractive returns and supports national energy security.

  • Olena Skrypnyk, Founder, Helios Strategia:
    The project showcases our engineering expertise and advances Ukraine’s push toward decentralized generation.


About Helios Strategia

  • International EPC group focused on solar and storage projects.

  • Track record: 1.2 GW total capacity across Ukraine, with flagship sites in Dnipropetrovsk, Odesa, and Mykolaiv regions.


Oschadbank’s Renewable Portfolio (Jan–Jun 2025)

  • €93 million in new energy loans

    • 45 % for standalone battery storage

    • 43 % for wind farms

    • 12 % for hybrid solar-plus-storage projects


Timeline

Milestone Date
Loan agreement signed July 2025
Engineering & procurement Q3 2025
Construction start Q4 2025
Commercial operation January 2026
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