Iceland’s contributions to Ukraine Energy Support Fund surpass €8.4 million

Iceland has made a new contribution of approximately €2.7 million to the Ukraine Energy Support Fund, administered by the Energy Community Secretariat, co-chaired by the European Commission. 

With this latest contribution, announced on 11 March, the country’s total contribution to the Fund now exceeds €8.4 million.

Iceland’s grant provides flexible financing, enabling immediate deployment of measures to address urgent repair needs. 

“Such flexibility is crucial as Ukraine enters the final month of the heating season, when maintaining stable electricity and heat supply is essential to protect civilians, sustain critical services and safeguard the energy system,” the Energy Community Secretariat said in a press release. “At the same time, the Fund is proactively preparing for the next winter period. Accelerating the delivery of repair equipment now will be essential to reinforcing infrastructure and securing system stability ahead of the next winter.” 

To date, more than 1,000 contracts have been signed since the start of the full-scale invasion, representing €850 million in contracted support. Of this amount, €618 million worth of equipment, services, and passive protection measures has already been delivered, supporting 66 Ukrainian energy companies across the country. This includes distributed generation solutions, boilers, transformers, pipes, cables, high-voltage equipment, and construction materials required for rapid repairs and infrastructure reinforcement. A single mobile substation financed through the Fund can be deployed within hours of an attack and restore electricity supply to more than 50,000 households.

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Press release