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UKRAINE GREEN RECOVERY FUND I

Summary sheet

Release date
8 November 2024
Status
Reference
Under appraisal | 18/09/2024
20240280
Project name
Promoter - financial intermediary
UKRAINE GREEN RECOVERY FUND I
ACCEPTABLE CORPORATE(S)
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 20 million
EUR 150 million
Location
Sector(s)
Description
Objectives

The infrastructure fund will invest in energy and logistics infrastructure in Ukraine.

The operation will support large scale renewable energy and other energy related technology investments in Ukraine contributing to the achievement of energy security, renewable energy and decarbonisation targets in Ukraine and globally. By supporting renewable energy construction projects, in particular onshore wind projects, the investment is well aligned with the objectives of the Ukraine Recovery and Reconstruction plan. The investments in logistics centres will contribute to increased food security, access to medicine as well as greenhouse gas reductions in case of multi-modal terminals.

Environmental aspects
Procurement

This operation aims at generating environmental benefits by supporting construction of renewable energy projects that help mitigate climate change. The project is in line with the EIB's priority lending objectives for renewable energy and supports Climate Action and Environmental Sustainability objectives (60% as per share of renewable energy investments foreseen).

EIB will require the Promoter to ensure that implementation of the construction projects will be done in accordance with the EIB's Guide to Procurement.

Milestone
Under appraisal
Link to source
Summary sheet
UKRAINE GREEN RECOVERY FUND I

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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