Ukraine received 26.4 million euros from Sweden to support energy efficiency projects
The funds went to the Eastern Europe Energy Efficiency and Environment Partnership fund (E5P Fund). The decision to allocate them was made by the Government of Sweden through the Swedish International Development Agency (Sida).
Further, the funds allocated by the Government of Sweden will be directed by the donors of the E5R Fund in the form of grant support to communities. In particular, we are talking about those that receive credit funds from European financial institutions/banks for the implementation of projects in the field of centralized heat and water supply, energy efficiency improvement in communally owned buildings, development of urban electric transport, renewable energy.
With the support of the E5P Fund, ten large infrastructure projects in the field of centralized heating and measures for energy efficiency of public buildings and energy saving have already been implemented in Ukraine.
The E5P Fund helps Ukraine by providing grant funds for the implementation of critical energy efficiency projects to ensure energy savings, reduce emissions of carbon dioxide (CO2) and other greenhouse gases. The total amount of funds accumulated in the E5P Fund to date is 240 million euros. Earlier, in December, Sweden already provided 18.1 million euros to support Ukraine through the E5P Fund.
The E5P Fund is a multi-donor fund to encourage investments in energy-efficient and environmental projects in the Eastern Partnership region. The fund combines contributions from the EU and a group of 24 countries, including those supported by the fund. Contributions are used as grants to support projects in the municipal sector. Grant allocation is flexible and recognizes the priorities of each recipient country with the overall goal of reducing energy use, pollution and greenhouse gas emissions.
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