The seven-year financing agreement extends a partnership between Metinvest, a steel business of System Capital Management (SCM), and the Black Sea Trade & Development Bank dating back to 2020. Proceeds will support the installation of Metinvest’s first solar power plants, with a combined capacity of 37 MW, while strengthening protection of critical energy infrastructure and reducing the company’s carbon footprint. Metinvest CEO Yuriy Ryzhenkov said the financing reflects confidence in the company’s long-term strategy and will help modernize production and strengthen Ukraine’s industrial potential.
June 28, 2026
Metinvest Secures EUR 20 Million Loan from BSTDB to Advance Solar Energy Investments
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System Capital Management (SCM)
A diversified financial and industrial group with investments in various sectors, including metals, energy, finance, and telecommunications