NEFCO (Nordic Environment Finance Corporation) has 117 projects in Ukraine for an estimated amount of EUR 180 million, on which agreements have been signed and which are under implementation.
“As of June 7, NEFCO has 117 projects, on which agreements have been signed and which are under implementation in Ukraine, and the total investment in these projects is approximately EUR 180 million,” the corporation said in response to Interfax-Ukraine’s request.
Of these projects, agreements for seven new projects were signed in 2021. The total amount of investments for them is about EUR 4 million.
In addition to them, many other projects are in development and at the preparatory stage, the corporation said.
At the same time, NEFCO said that, having decided to abandon investments in new projects in the renewable energy sector in 2020, the organization, to support the sustainable development of Ukraine, will continue developing and financing municipal projects in such sectors as energy efficiency, district heating and wastewater treatment.
“Special attention is paid to small and medium-sized projects, as well as those that are examples of how to respond to technological advances. Financing projects in the municipal sector in Eastern Europe is one of the three main directions of NEFCO’s strategy for the next five years,” the corporation said.
At the same time, NEFCO also drew attention to the fact that the decision to stop financing projects in the renewable energy sector “is based solely on the fact that agreements on feed-in tariffs are not being implemented.”
At the same time, they called the initiative to introduce an excise tax on electricity from renewable energy sources as erroneous, pointing out that in fact clean energy should be subsidized, and fossil resources should be taxed with CO2 emission tax.
