To curb greenhouse gas emissions, reduce energy imports, and spur greener economic growth, Ukraine seeks to tap the potential of its abundant renewable energy resources and opportunities for greater energy efficiency.
To advance its goal of low carbon development, the government of Ukraine is focusing $350 million in CTF concessional financing to reduce the risks and overall costs of investing in new renewable energy capacity, waste heat generation, transmission grid upgrades, and energy efficiency in residential and government buildings, district heating, and industry.
Among projects in the investment plan, the CTF is supporting efforts to address policy, finance, business, and information barriers to renewable energy market development and provide direct financing to the private sector for 100 MW of large-scale wind power capacity and 80 MW of medium-sized renewable sources.
The government is committed the development of renewable sources of energy
|NAME||FUND||FUNDING (USD MILLION)||COFINANCING (USD MILLION)||MDB|
|District Heating Energy Efficiency Project||FUNDClean Technology Fund||COFINANCING (USD MILLION) 50.00||FUNDING (USD MILLION) 332.00||MDBIBRD|
|District Heating Modernisation Program (the Program)||FUNDClean Technology Fund||COFINANCING (USD MILLION) 44.70||FUNDING (USD MILLION) 18.90||MDBEBRD|
|Novoazovsk Wind Project||FUNDClean Technology Fund||COFINANCING (USD MILLION) 20.71||FUNDING (USD MILLION) 104.60||MDBEBRD|
|Renewable Energy Program||FUNDClean Technology Fund||COFINANCING (USD MILLION) 0.18||FUNDING (USD MILLION) 3.20||MDBIFC|
|Residential Energy Efficiency Finance Facility (UREEFF)||FUNDClean Technology Fund||COFINANCING (USD MILLION) 24.04||FUNDING (USD MILLION) 136.00||MDBEBRD|
|Second Power Transmission Project||FUNDClean Technology Fund||COFINANCING (USD MILLION) 48.43||FUNDING (USD MILLION) 1732.50||MDBIBRD|
|Second Urban Infrastructure Project (UIP-2)||FUNDClean Technology Fund||COFINANCING (USD MILLION) 50.00||FUNDING (USD MILLION) 300.00||MDBIBRD|
|Sustainable Energy Lending Facility (USELF)||FUNDClean Technology Fund||COFINANCING (USD MILLION) 54.49||FUNDING (USD MILLION) 98.78||MDBEBRD|
The CIF programmatic approach to investment planning and implementation brings strategic value to CIF recipient countries. Working through a transparent, country-led design process, the CIF fosters trust and collaboration among government ministries, civil society, indigenous peoples, private sector, and the MDBs that implement CIF funding. Together they translate Nationally Determined Contributions and other national development and climate strategies into an actionable CIF investment plan. Rather than one-off projects, the plan comprises long-term, sequenced investments that mutually reinforce each other and link to other critical activities, such as policy and regulatory reform and capacity building. Under national government leadership, CIF stakeholders continue to work together to implement the plan, continually assessing progress and sharing lessons learned along the way.