Driven by a memorandum issued by the Ukrainian government to finance the restoration of energy infrastructure damaged by Russian attacks, banks have worked to fund projects to restore electricity generation totaling 993 MW of capacity, the NBU reported.
Additionally, during the memorandum’s validity period from June 1 2024, to August 1 2025, extra funding was provided for energy storage and heat generation projects amounting to another 389 MW. In total, projects valued at ₴26.2B were financed across 21 regions during this period. The National Bank noted that energy is prioritized in the Lending Development Strategy.
It is worth mentioning that by the end of July, the Ministry of Finance reported that 140 companies had received ₴63M in grants through the Supporting the Energy Sustainability of Micro and Small Enterprises of Ukraine project, implemented within the ReACT4UA program. Over half of these funds (57%) were invested by entrepreneurs in renewable energy sources, primarily solar panels. An additional 15% of the funds went toward energy storage installations, 8% to energy-efficient equipment, and 7% to generators.