Ukraine: EU Neighbourhood Investment Platform and E5P Fund join EIB in supporting energy efficiency in public buildings
June 24, 2021

Ukraine: EU Neighbourhood Investment Platform and E5P Fund join EIB in supporting energy efficiency in public buildings

On 24 June, the European Investment Bank (EIB), the ‘Eastern Europe Energy Efficiency and Environment Partnership’ (E5P) multi-donor fund, and the Ministry of Communities and Territories Development of Ukraine concluded new agreements to further support the implementation of the Ukraine’s Public Buildings Energy Efficiency project (UPBEE).

The cooperation includes a €4 million grant from E5P for technical assistance and investment grants, as well as €4 million technical assistance support from the EU Neighborhood Investment Platform (NIP). Another €1 million investment grant from the EU NIP will be signed in the coming weeks.

These grants will facilitate the proper preparation and implementation of an earlier €300 million EIB framework loan aimed at increasing energy efficiency in 1,000 public buildings, including hospitals, schools, cultural centres, and kindergartens. 

The loan will enable structural refurbishment, including installing modern equipment, modernising heating, ventilation and lighting systems, upgrades to exterior surfaces, etc. This will allow to permanently reduce the energy bills of municipalities and improve the quality of public services. More importantly, the project is expected to positively impact the comfort of the 2.5 million people visiting the buildings and save more than 1 million tonnes of CO2 for the sake of the climate. The energy efficiency modernisation of the public facilities, in particular of hospitals, will strengthen resistance to the COVID-19 pandemic and foster future resilience.

Municipalities and other public entities in Ukraine will be able to submit their proposals for energy efficiency renovations starting from December 2021. Central government bodies, local state administrations, bodies of local self-government, and state and communal enterprises other than private enterprises from all regions of Ukraine are eligible to apply.

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