Advanced search

The EBRD and the EIB have announced plans to invest €60M and €40M, respectively, in a new infrastructure fund, Amber Dragon Ukraine Infrastructure Fund I. The fund aims to reach a total of €350M and will focus on supporting infrastructure projects in Ukraine, mainly in renewable energy, sustainable transportation, and digital infrastructure. The EBRD will serve as an anchor investor, which is expected to help attract additional institutional investors and increase financing for sustainable infrastructure solutions in Ukraine. The fund

The EBRD might offer state-owned Ukreximbank a guarantee of up to €50M to cover as much as 50% of the credit risk on a portfolio of new loans to small and medium-sized enterprises (SMEs) valued at up to €100M. The goal is to boost lending to private Ukrainian companies in key economic sectors. Additionally, under the EU4Business-EBRD credit line, up to €20M will be allocated to finance long-term investments by Ukrainian SMEs aiming to upgrade their technologies and equipment to

Deputy Mayor Vasyl Novachok reported that the city aims to develop a thermal power plant that will operate on RDF fuel composed from waste. Preliminary estimates suggest the future CHP will produce two MW of electricity and eight MW of thermal energy. This will help the city save over seven million cubic meters of natural gas annually. The project’s total cost is estimated at €35.78M, with a payback period of 15.6 years. The official indicated that this could become part

Ukraine’s Minister of Finance, Serhiy Marchenko, and Mark Bowman, VP of the EBRD, have agreed to continue these initiatives, which are aimed at strengthening Ukraine’s energy security. During their meeting in Kyiv, they reviewed the progress of ongoing projects and explored the potential for further cooperation in the energy sector. Currently, the EBRD finances nine energy projects out of the 14 operating in the public sector, amounting to a total of €2.7B. Notable progress includes a guarantee agreement signed in

The EBRD along with the IFC have introduced a team of experts and a plan to conduct an extensive study to explore potential models for involving the private sector in the management and upkeep of airports. “We view the private sector as a key player in reconstruction efforts. However, investment processes vary across sectors. To identify the best methods for attracting such funding, it is essential to investigate the capabilities and nuances of each sector thoroughly. Additionally, securing private investment

Through a risk-sharing arrangement, EBRD will back the issuance of new loans by ProCredit Bank to small and medium-sized enterprises in Ukraine. With EBRD’s assistance, the bank anticipates providing sub-loans of up to €60M to private enterprises and households. These funds will support investment in energy production, storage, and energy efficiency improvements. Approximately 70% of the financing will be allocated to projects that align with transitioning to a green economy. ProCredit Bank plans to allocate up to 20% of the

The European Bank for Reconstruction and Development (EBRD) continues its backing of Ukraine’s energy security by providing Raiffeisen Bank Ukraine with an unfunded portfolio risk-sharing guarantee, facilitating energy sector investment totaling €100M. Raiffeisen Bank is now the fourth bank, following Ukrgasbank, PrivatBank, and Oschadbank, to join the EBRD’s Energy Security Support Facility (ESSF). This guarantee will partially cover the risks associated with new sub-loans totaling €100M that the bank will extend to micro, small, and medium-sized enterprises, as well as

Galnaftogaz (OKKO brand) has agreed to secure €157M in funding for the establishment of a wind farm in Volyn, as reported by the International Finance Corporation. The financing consists of €60M from the EBRD, €60M from the IFC, and €37M from the Black Sea Trade and Development Bank. This financing will include guarantees from the EU and grant support from the UK totaling £3.8M. The project’s overall cost is €225M, meaning Galnaftogaz will contribute approximately €68M. The wind farm project

Ukrainian companies now have access to a new war risk insurance program launched by the EBRD in collaboration with international insurance firms. This was made possible by the Ukraine Recovery and Reconstruction Guarantee Facility (URGF), which is now fully operational. The EBRD guarantee can provide insurance coverage for goods and transportation valued at up to €1B per year. This will make war risk insurance more accessible, support economic activity, and contribute to Ukraine’s reconstruction. The EBRD offers guarantees to reinsurance

Oschadbank has signed an investment loan agreement for nearly six years with international Ukrainian company KNESS in the amount of €9.6M to both finance and refinance the construction and commissioning costs of energy storage facilities (ESF). The EBRD is participating in the project’s risk sharing. This project involves constructing and connecting energy storage facilities to the electricity grid, which will provide a frequency support reserve with a 25 MW capacity and an automatic frequency restoration reserve for symmetrical loading and

The EBRD has downgraded its forecast for Ukraine’s economic growth in 2025 to 3.5%. Last September, the bank forecasted growth of 4.7%. It is noted that Ukraine started 2025 with weak economic indicators and rising inflation. The bank revised its forecast as Russia’s attacks on power infrastructure continue to hamper production. “Ukraine’s GDP growth will reach 3.5% in 2025, and then accelerate to 5% in 2026, provided that there is a ceasefire by the end of 2025,” the bank stated.

Naftogaz Group will receive funding from Norway through the EBRD for gas procurement. This financing is part of a broader assistance package designed to bolster Ukraine’s energy security. In total, Norway is providing around €380M for gas purchases, the restoration of power grids, emergency generators, and nuclear safety. Meanwhile, Ukraine’s largest private energy company, DTEK, plans to announce an agreement to import LNG within two months. The company is in discussions with several sellers, including those from the US, to

Ukrnafta, part of the Naftogaz group, which, with the support of the EBRD, has planned projects to generate energy using its gas, is additionally working to attract investment to build around 200 MW of renewable energy capacity, such as solar and wind, within two years, said Duncan Nightingale, Chairman of the Supervisory Board of Ukraine’s largest oil producer. According to agreements with the EBRD, the bank will provide the company with grant support totaling several tens of millions of euros

Oschadbank and the Eco-Optima group of companies have signed several agreements to implement the construction of the Sokalska wind farm in the Lviv region, which will have a total capacity of 39.9 MW. The plan includes the installation of seven wind turbines from a German company, NORDEX, and is expected to generate approximately 122 million kWh of electricity annually. Oschadbank will finance the €40 million construction cost, as well as an irrevocable confirmed green letter of credit exceeding €23 million

Today’s signing of a €50M Risk Sharing Framework (RSF) agreement between the EBRD and Credit Agricole Ukraine will enhance the bank’s lending capacity to make loans to a greater number of Ukrainian companies, including small and medium-sized enterprises. The signing of the RSF makes Credit Agricole Ukraine the fourth partner bank in the EBRD’s Unfunded Non-Recourse Risk Sharing Framework in Ukraine, joining Ukrsibbank BNP Paribas Group, Raiffeisen Bank, and Piraeus Bank. Under the program, the EBRD will share the risk

Lviv municipal enterprise Green City signed an agreement with Polish contractor Control Process SA to continue the construction of a waste recycling plant in Lviv. The waste recycling project also received EBRD support for extending the grant agreement and allowing the purchase of about 70% of the project’s equipment. The contract extension provides for the plant’s construction by June 30, 2025; commissioning work should occur over the next two months. The resumption of construction is scheduled for the first week

On December 10, The World Bank Group’s IFC plans to consider the provision of a €55M loan to Concern Galnaftogaz to finance the construction of a wind farm with a 147 MW capacity in the Volyn region. The loan’s term would be 16 years. The total cost of the project is estimated at €235M. It was previously reported that the EBRD had planned to approve a €62M loan to the same company for the same project on December 4. The

On December 4, the EBRD will approve a loan of up to €180M to Ukrzaliznytsia to finance the purchase and installation of equipment for small gas-fired generation with a total capacity of up to 270 MW. This will help the company to solve electricity shortage problems and ensure an uninterrupted supply of energy to the population and enterprises. The project’s total cost is estimated at €248M. The German Ministry of Economics is providing €65M to repair Ukrainian energy infrastructure through

The EC is providing €62.8M to the DTEK energy company for equipment and materials needed to restore generation capacity after Russian attacks, and the US government is providing $46.1M to purchase control systems and dozens of new transformers, critical to ensuring energy supply to millions of people. The US has already sent DTEK essential equipment for power grid repair crews through USAID. Russian missile strikes on Ukraine last week damaged three of DTEK’s five thermal power plants located in Ukrainian-controlled

EBRD representative Olha Yeromina reported that since the beginning of the full-scale war, the bank has invested approximately €5B in Ukraine and approximately €2B to implement energy projects, particularly in renewable energy sources. The EBRD is open to new investment in Ukraine’s RES sector, noting improvement in the regulatory environment and alignment of reforms with EU requirements. However, there are problems regarding the guaranteed purchase of electricity, uncertainty of income streams, and the electricity market’s stability. As well, the European