Ukraine to increase energy efficiency of public buildings with €300 million loan from EIB

Date: 9 October 2020

Ukraine increases energy efficiency of 1000 public buildings and reduces energy consumption with a €300 million loan from the EIB

The European Investment Bank (EIB) and the Ministry of Communities and Territories Development of Ukraine signed a €300 million loan to improve the energy efficiency of some 1 000 public-owned buildings, including schools, cultural centres, kindergartens and hospitals. The loan was signed during the 22nd EU-Ukraine Summit to help the country limit the economic impact of COVID-19 by stimulating faster economic and social growth after the pandemic.

In its role as the EU’s climate bank, the EIB will support Ukraine in implementing an ambitious energy efficiency programme. It will extend the operational life of key social, healthcare, administrative and cultural buildings by at least 20 years and reduce CO2 emissions by 1 250 000 tones.

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