Energy Efficiency Fund
Role
Government institution providing instruments for thermal innovations in multi-family buildings where homeowners associations were established.
Detailed information
Established under a separate Law to ensure independency.
The Fund’s mission is to bring Ukraine up to European levels of energy efficiency by reducing the level of energy consumption and СО2 emissions in the residential sector, thus achieving a decrease in the adverse impact on the environment. The Energy Efficiency Fund provides support in the form of grants to homeowners associations for the implementation of comprehensive technical solutions for energy-efficiency renovations in multi-family buildings, while factoring in the best European thermal modernization practices. The Fund’s activities are funded from the State Budget of Ukraine and supported by the EU and German government.. The Energy Efficiency Fund Program is implemented in cooperation with the International Finance Corporation (IFC), Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH and the United Nations Development Program (UNDP).
In October 2022, the CoM has launched the Recovery program called “VydnovyDim” for the Energy Efficiency Fund to finance construction works and restoration of damaged objects because of the war. The first pilot stage begins on November 21, 2022. Five million euros are provided for its implementation. The pilot stage of the Program is being implemented on the territory of Zhytomyr, Kyiv, Sumy and Chernihiv oblasts. Since the start of 2023, two another state programs for support of the recovery of damaged residential stock, namely United24 platform and the Destroyed Property and Infrastructure Restoration Fund has started implementation.
EE Fund is currently considering the possibility of launching a new program aimed at stimulating the use of renewable energy sources in both the residential and communal spheres in order to enable citizens living in multi-apartment and individual houses, as well as public institutions (establishments) that are on the balance of state authorities and local self-government bodies, to get support for the installation of equipment using alternative energy sources. The details as well as name of new pro-gram yet not available.