Ukrainian steelmaker Metinvest Group has secured €20 million in long-term financing from the Black Sea Trade and Development Bank (BSTDB) to strengthen energy resilience and accelerate renewable energy investments across its operations in Ukraine. The financing agreement was signed during the Ukraine Recovery Conference 2026 in Gdańsk, Poland.
The funding will support the installation of the company's first solar power plants, with a combined installed capacity of 37 MW, at existing production facilities. The project is expected to reduce reliance on grid electricity, improve operational resilience during power outages, and lower Metinvest's carbon footprint while supporting uninterrupted industrial production.
The financing is part of Metinvest's broader investment strategy focused on modernizing production assets, improving energy efficiency, and advancing the company's decarbonization goals. The renewable energy project is also expected to help preserve industrial capacity, sustain exports, and contribute to Ukraine's economic recovery amid ongoing infrastructure challenges.
BSTDB noted that supporting resilient industrial businesses remains a priority for the bank, with the investment expected to strengthen Ukraine's manufacturing sector while promoting sustainable economic development. The agreement also reflects continued international confidence in Ukraine's steel industry and its long-term recovery prospects.
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