Ukraine secures funding for massive Buildings Energy Efficiency project


In Ukraine, the Ministry of Communities and Territories Development has signed a deal with the European Investment Bank (EIB) to deploy its Public Buildings Energy Efficiency project.

EIB will provide advisory services to support the implementation of the project and loan of €300 million ($338 million).

Ukraine will also leverage a €150,000 ($169,000) donation made by the Eastern Partnership Technical Assistance Trust Fund and grant contributions from the ESP and the EU.

The aim is to increase energy efficiency in 1 000 buildings (mainly kindergartens, hospitals and schools), avoid more than 1 million tonnes of carbon emissions and benefit 2.5 million people.

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The project will include COVID-19 safety measures to improve the medium and long-term pandemic resilience of public buildings.

By partnering with the EIB, EU and ESP, Ukraine aims to address the lack of long-term funds for small and medium-sized Ukrainian municipalities and the lack of support throughout the entire energy efficiency sub-project cycle.

Jean-Eric de Zagon, the head of the EIB Representation in Ukraine commented: “The EPTATF grant from donor countries promotes close cooperation between the EIB and Ukraine on increasing the energy efficiency of public buildings in the country. As the EU’s climate bank, this is a priority. The project will improve the living conditions of Ukrainians, lead to significant energy savings with positive impacts on climate change, and reduce heating costs and Ukraine’s dependency on energy imports.”

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Vasyl Lozinskyi, the first deputy minister of communities and territories development of Ukraine stated: “The Ministry of Communities and Territories Development of Ukraine and the EIB have signed an agreement for the provision of a long-term low-interest loan of €300 million to implement the wide-scale thermal modernisation of public buildings. This modernisation will include the installation of advanced energy-efficient equipment, meters and control systems as well as the upgrade of heating, ventilation and lighting systems, etc.”