EU and Germany Invest €18 Million in Ukraine’s Energy Efficiency Fund
The Energy Efficiency Fund of Ukraine has received funding of €18 million from the European Union and the International Climate Initiative of the German government. This support includes both investment grants and technical assistance aimed at enhancing energy independence and rebuilding the country based on sustainable development principles.
This is reported by AgroReview
Main Programs of the Energy Efficiency Fund
The Energy Efficiency Fund, operating with the support of the EU (€104 million) and Germany through a trust fund managed by the IFC, implements two key programs for homeowners’ associations. The VidnovyDIM program provides grants and technical support for the restoration of residential buildings damaged during the war, while the EnergoDIM program finances comprehensive thermal modernization of buildings. Since the fund’s inception, 1,500 projects have already been implemented. According to experts, the annual energy savings from the initiatives implemented are comparable to the energy consumption of a city like Chernivtsi.
Germany – A Leader in Supporting Ukrainian Energy
Additionally, through the Energy Support Fund, German partners have already provided Ukraine with nearly €385 million, accounting for over a third of all contributions to the fund. In particular, thanks to financial assistance from Germany exceeding €127 million, six gas turbine units with a total capacity of 156 MW have been purchased and installed at the facilities of the Gas Transmission System Operator of Ukraine.
The EEF, supported by the EU (€104 million) and Germany through a trust fund managed by the IFC, implements two flagship programs for homeowners’ associations: VidnovyDIM offers grants and technical assistance for the repair of residential buildings damaged during the war; EnergoDIM provides funding for comprehensive thermal modernization of buildings. To date, 1,500 projects have already been implemented under the fund. Currently, the initiative saves as much energy each year as a city like Chernivtsi consumes.