Green Investment Fund to be established in Ukraine

"The State Agency on Energy Efficiency and Energy Saving of Ukraine in cooperation with NEFCO and experts of the Finland Ukraine Trust Fund initiates the elaboration of the concept of a new financial instrument in Ukraine - the Green Investment Fund (GIF UA). The establishment of the Fund will become another priority area of the already successful partnership between the Ministry of Foreign Affairs of Finland and the State Agency on Energy Efficiency and Energy Saving of Ukraine,” Chairman of the State Agency on Energy Efficiency and Energy Saving of Ukraine Serhiy Savchuk posted on Facebook.

The GIF UA aims to provide co-financing for new green energy projects and to remove the main barriers in the implementation of these projects.

It is assumed that domestic and international financial institutions will be able to participate in the activities of the fund.

“Our goal is to establish in Ukraine a reliable financial instrument for funding projects by the example of the Green Investment Group in the UK, the DEG in Germany,” Savchuk noted.

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