FINLAND'S FOREIGN MINISTRY, NEFCO SETTING UP FUND FOR FINANCING RENEWABLE ENERGY IN UKRAINE BY EUR 6 MLN

Business news from Ukraine

FINLAND’S FOREIGN MINISTRY, NEFCO SETTING UP FUND FOR FINANCING RENEWABLE ENERGY IN UKRAINE BY EUR 6 MLN

30 Nov , 2017  

KYIV. Nov 30 (Interfax-Ukraine) – The Finnish Ministry of Foreign Affairs and the Nordic Environment Finance Corporation NEFCO signed an agreement on November 29 to create a trust fund for financing renewable energy in Ukraine in the amount of EUR 6 million, the press service of the State Agency for Energy Efficiency of Ukraine reported.
“The Finnish-Ukrainian trust fund facilitates the provision of technical assistance and the allocation of grant funds for the implementation of clean energy projects in Ukraine,” the report said.
To date, NEFCO has already funded about 150 projects in the field of renewable energy and energy efficiency in Ukraine.