IQ Energy - Ukrainian Residential EE Financing Facility
Energy efficiency
Climate
Environment
Beneficiary Country:
-
Ukraine
Type and/or measure of energy efficiency in buildings:
Lead Donor Contact
Short description of the overall project
More than 43,000 Ukrainian households took out loans from local commercial banks which participated in the EBRD-managed programme to invest in green technologies for their homes and have already been verified as eligible for investment grants. Total loan portfolio of energy efficient modernization of Ukrainian residential sector under UREEFF/IQ energy is over UAH 1.5 billion (EUR 48 million). The facility operated in Ukraine from April 2016 till September 2020.
The loans have been made as part of Ukraine Residential Energy Efficiency Financing Facility (known as IQ energy), designed to promote energy efficiency investments. The facility was run by the EBRD and supported by €15 million in grant funding from the Eastern Europe Energy Efficiency and Environment Partnership (E5P), to which the European Union is the largest contributor, and where Ukraine is also one of the donors. Technical assistance funding was provided by Sweden and E5P.
Energy savings achieved / expected |
|
|---|---|
| Number of Houses | 43.000 |
| Financial instruments used / use of current financial mechanisms |
- Loans for a wide range of energy efficiency measures; - Grants to reimburse up to 20 per cent of loan amounts for individual borrowers and up to 35 per cent of loan amounts for housing associations. |