About the Fund
Millions of Ukrainians who live in apartment buildings have already made an important step towards the significant increase of their life quality, establishing Homeowners Associations (HOAs) - the efficient instrument for managing common property.
However, the high costs of thermal renovation projects, that are unfortunately not affordable for most of the households, are still the key barriers.
The Energy Efficiency Fund is the only state institution in Ukraine which, in accordance to the Law of Ukraine “On Energy Efficiency Fund, the Government of Ukraine has created in order to support energy efficiency initiatives, to implement incentive tools, and to support measures aiming to increase levels of energy efficiency in buildings and energy efficiency measures in the residential sector. This is done with due consideration for the National Plan of Energy Efficiency. It aims to reduce CO2 emissions to fulfill the Paris Agreement, to implement acquis communautaire of the European Union and Treaty Establishing the Energy Community, and to ensure Ukraine’s compliance with its international obligations in the area of energy efficiency.
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).
What solutions does the Energy Efficiency Fund offer?
The Fund is called to ensure a long-term financing mechanism for energy efficiency projects in multi-family buildings. If a homeowners association has been established in your building, you may make use of the advantages offered by the Fund’s program, which envisions partial compensation of costs incurred during implementation of energy efficiency measures. To learn more details about the Fund’s program go to the link. The IFC’s regional consultants provide information and support for projects implemented by homeowners associations on an on-going basis.
If your building has yet to establish a homeowners association, you may consider using the
UNDP HOUSES Project instead.
Energy Efficiency Fund activities are guided by 10 key principles:
- Economic efficiency
- Voluntary participation
- Free choice of service provider by the client
- Unified approach to engaging entities within the program framework
- Quality control of project-related goods, works and services
- Project verification upon completion