EBRD And Ukrgasbank Launch €150 Million Initiative To Boost Energy Security And SMEs In Ukraine

The European Bank for Reconstruction and Development (EBRD) and Ukrgasbank have announced a new €150 million project aimed at supporting energy security and small to medium-sized enterprises (SMEs) in Ukraine. The project will provide risk-sharing instruments to cover the credit risk on newly originated sub-loans, helping to finance critical investments in energy generation, energy efficiency, and green technologies.

This initiative is divided into two parts: €120 million under the EBRD’s Energy Security Support Facility, financing energy projects for businesses, municipalities, and households, and €30 million under the EU4Business-EBRD Credit Line, which will support SMEs in upgrading technologies and adopting green, sustainable practices.

The project seeks to address Ukraine’s energy crisis, exacerbated by the ongoing conflict, by ensuring continued economic activity through enhanced energy generation and storage capacity. Sub-borrowers will also receive technical assistance and investment incentives, further boosting the country’s resilience and competitiveness.

This collaboration underscores EBRD’s commitment to fostering a resilient, green, and competitive economy in Ukraine, with a focus on renewable energy and supporting SMEs to meet EU standards.