EBRD allocates €2 billion for solar panels and generators for Ukrainian businesses and condominiums
The European Bank for Reconstruction and Development is making significant investments in strengthening Ukraine’s energy security. Within the framework of the new special program, the bank allocates two billion euros, which will be directed to support households, private enterprises and territorial communities.
As reports the official representative office of the international financial institution, this initiative is designed to help Ukrainians adapt to modern challenges and ensure the stable operation of the infrastructure.
The support mechanism involves a combination of credit lines and non-repayable grants. Representatives of small and medium-sized businesses, owners of private homes, residents of apartment buildings, as well as associations of co-owners will be able to receive financing. The financial resource will be distributed through a network of Ukrainian partner banks, which will allow for maximum coverage of different regions and categories of consumers.
“This program allows you to obtain the necessary financing for the installation of solar panels, energy storage systems, modern generators and other technical solutions”, the institution emphasized.
The funds can be directed to a wide range of projects in the field of renewable energy, including wind turbines, small hydropower and biogas systems. The program also supports measures for thermal modernization of buildings: wall insulation, window replacement, and installation of heat pumps.
A separate important area is the development of small-scale generation with a capacity of up to 50 MW, in particular gas-fired plants to meet the needs of enterprises or supply electricity to the general network.
“Today, dozens of projects of decentralized energy systems are already being actively implemented in various regions of our country,” representatives of the European Bank for Reconstruction and Development emphasized.
In parallel with the energy sector, the international financial institution is expanding support for other strategic industries. Earlier, the Ministry of Economy of Ukraine signed a memorandum with the institution on strengthening the competitiveness of the domestic food and agricultural sectors. Such comprehensive assistance is critically important for the recovery of the national economy and the stable functioning of private business in conditions of prolonged energy restrictions.
