Creating Markets for Renewable Power in Ukraine

Project Summary

: The proposed project will address policy, finance, business, and information barriers to renewable energy market developments in Ukraine resulting in estimated direct emission reductions of 7 million tonnes of CO2eq over the investment lifetime from 90MW of additional installed capacity.

Project Details

GEF Project ID
Project Type
Full-size Project
Project Approved
Focal Areas
Funding Source
GEF Trust Fund
Implementing Agencies
European Bank for Reconstruction and Development
Executing Agencies
Ministry of Fuel & Energy
GEF Period:
GEF - 4
Approval Fiscal Year:


Project Preparation Grant Amount
133,870 USD
GEF Project Grant
8,450,000 USD
Co-financing Total
106,500,000 USD
GEF Agency Fees
845,000 USD
Total Cost 115,083,870.00 USD

Project Timeline

Received by GEF
17 Dec 2007
Preparation Grant Approved
05 Mar 2008
Concept Approved
01 Feb 2008
Project Approved for Implementation
22 Mar 2010
Project closed