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March 27,2025

Ukraine’s State-owned bank provided loan to KNESS for Battery Storage Project

Energy Developer KNESS has secured a €9.6 million (US$10.35 million) loan from Ukraine’s state-owned bank Oschadbank for a battery storage project in Ukraine.  The company said the investment loan from state-owned public bank Oschadbank is a structured project financing deal, involving the European Bank for Reconstruction and Development (EBRD).

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