The proposed Program is designed to support Ukraine’s initiatives to scale up renewable energy investments. The investment component will catalyze financing from CTF, IFC, EBRD and other commercial investors and lenders in the wind sector. The aim is to increase energy generation by wind farms, thereby reducing GHG emissions. Wind has the highest potential for large-scale development in Ukraine. Transformation of the wind sector will have a positive impact on other RE sources, including biomass and waste-to-heat, and therefore has the potential to have a material impact on the GHG emission intensity of the Ukraine power sector.

The advisory component will focus on opening up the market for investments in biomass and agribusiness related sectors, by providing capacity building to major industrial and agribusiness energy users as well as renewable energy project developers. In addition, this proposal includes a knowledge management component to carry out one or more studies on the linkages between climate finance from the Clean Technology Fund and the development of large scale renewable energy programs in Ukraine.

This project summary is drawn from draft project proposals [such as the PAD, PID, SAR, and country investment plan] and may not contain the most up-to-date information.

Project Details
Project Document | External Review | Response to External Review | Proposed Decision
Approved on May 20, 2013 (Approved Decision)
Approved amount(s):
USD 33.15 million (loan funding)
USD 300,000 (grant funding)
USD 670,000 (MPIS)

Comments and Responses:
United Kingdom (May 17, 2013)