Ben Black
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U.S. development finance agency approves €85 million loan to DTEK for battery storage in Ukraine
The U.S. International Development Finance Corporation (DFC) has approved a €85 million loan (about $97.5 million) for DTEK, Ukraine's largest private energy company, to expand battery energy storage capacity. The deal is part of a broader $8 billion DFC investment package covering Ukraine, Jordan and several African countries, and is described as one of the largest corporate debt deals in Ukraine and the largest in its energy sector since Russia's full-scale invasion began in 2022.