NEFCO Continues Rebuilding Efforts in Ukraine
Deal News | Apr 03, 2025 | Nordic Environment Finance Cor
The Nordic Environment Finance Corporation (NEFCO) is actively supporting the rebuilding of Ukrainian municipalities through the launch of several new projects aimed at restoring critical infrastructure and establishing eco-friendly housing and educational facilities. This initiative is a collaborative effort involving multiple entities such as the Eastern Europe Energy Efficiency and Environment Partnership (E5P) and the Danish Sustainable Infrastructure Finance (DSIF), with the latter providing new project support in the public and private sectors. NEFCO, based out of Helsinki, has a longstanding commitment to environmental upgrades and energy efficiency improvements across its beneficiary regions, focusing on projects with significant environmental and social impacts. The E5P, established in 2009, supports energy efficiency and environmental projects in countries such as Ukraine and Belarus, with contributions from numerous donor countries and managed by the European Bank for Reconstruction and Development (EBRD). This collaboration is part of a broader international support effort to address the municipal challenges facing Ukrainian cities, with a significant contribution of €30 million from various partners geared towards enhancing district heating, water supply, and sanitation services.
Sectors
- Environmental Finance
- Infrastructure Development
Geography
- Ukraine – The projects and financial efforts are primarily directed towards Ukrainian municipalities.
- Nordic Countries – NEFCO, based in Helsinki, Finland, is part of the Nordic regional governmental financial institutions focusing on environmental investments.
Industry
- Environmental Finance – The focus of NEFCO and its partner entities like E5P and DSIF is on financing environmentally sustainable projects.
- Infrastructure Development – The projects involve significant components of infrastructure rebuilding, including energy efficiency and critical urban services.
Financials
- €30 million – The committed funds to various projects targeting environmental and infrastructure restoration in Ukrainian municipalities.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Nordic Environment Finance Corporation (NEFCO) | Initiating and funding body | Companies | A financial institution created by Nordic countries to finance projects with a focus on environmental and energy efficiency improvements. |
| Eastern Europe Energy Efficiency and Environment Partnership (E5P) | Project Partner | Companies | E5P supports energy efficiency and environmental projects in Eastern Europe and operates with contributions from multiple donor countries. |
| Danish Sustainable Infrastructure Finance (DSIF) | Funding Support | Companies | DSIF provides financial aid for infrastructure projects, supporting both private and public sector initiatives. |