Ukraine

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.

INVESTING IN UKRAINE

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.

FACTS ABOUT UKRAINE

The government is committed the development of renewable sources of energy

1,600 MW

of installed renewable energy capacity 2020 is planned - quadrupling 400 MW in 2011

Projects in Ukraine

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  
  DPSP III: Finance and Technology Transfer Centre for Climate Change (FINTECC): Ukraine Agribusiness Waste Residues Window FUNDClean Technology Fund COFINANCING (USD MILLION) 14.58 FUNDING (USD MILLION) 161.00 MDBEBRD  
  Novoazovsk Wind Project FUNDClean Technology Fund COFINANCING (USD MILLION) 17.79 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  

TRANSFORMING VISION INTO ACTION

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.