The Decarbonization Fund has slowed down: how many projects have already been lent in 2025

The Decarbonization Fund has slowed down: how many projects have already been lent in 2025 shutterstock
Hanna Velyka

The total amount of disbursed loans almost reached UAH 270 million

In the first quarter of 2025, the Joint Stock Company “Decarbonization Fund of Ukraine” issued almost three times fewer loans and for half the amount than in the last quarter of 2024.

The institution published such data on its performance in January-March 2025 on its official website.

Number and amount of loans

January has so far become the most productive month of this year in terms of the number of projects lent. There were 4 of them. In February and March, the Decarbonization Fund provided 1 soft loan each. The distribution of the number of projects that received funding is shown in the diagram:

fdu.com.ua

Source: fdu.com.ua.

In terms of amounts, the largest loan was granted in February. It amounted to UAH 32 million. The financing of a single project in March was slightly smaller – UAH 25 million.

The 4 projects that received concessional loans in January will have a total of about UAH 31.2 million.

fdu.com.ua

Source: fdu.com.ua.

Who received concessional loans from the Decarbonization Fund

Recipients can be divided into 3 groups by project type:

  • renewable energy sources – 1 project
  • energy service companies (ESCOs) – 4 projects;
  • energy efficiency of production – 1 project.

fdu.com.ua

Source: fdu.com.ua.

When distributed by geography, projects in Dnipro and Kyiv regions received funding:

fdu.com.ua

Source: fdu.com.ua.

What is the estimated efficiency of the loaned projects?

The total energy savings from the implementation of 6 projects is 3575.61 MWh, with a reduction in CO2 emissions of 5982.55 tons. The only thing is that the Decarbonization Fund did not indicate for what period:

fdu.com.ua

Source: fdu.com.ua.

Also, the Decarbonization Fund provided a separate chart on revenues and funding provided since the start of its lending activities in September 2024:

fdu.com.ua

Source: fdu.com.ua.

The total amount of concessional loans issued amounted to almost UAH 270 million.

As EcoPolitic previously reported, in mid-March, the head of the State Agency on Energy Efficiency and Energy Saving of Ukraine, Hanna Zamazeyeva, spoke about 22 projects totaling UAH 244 million that the Decarbonization Fund has issued since the beginning of its work.

Related
The EU is the first in the world to establish voluntary rules for startups on CO2 removal
The EU is the first in the world to establish voluntary rules for startups on CO2 removal

Climate startups will be able to apply for official certification as early as spring

Environmental tax in Ukraine: fiscal burden or tool
Environmental tax in Ukraine: fiscal burden or tool

Without reforming the domestic environmental taxation system, Ukraine cannot even dream of a successful "green" transition

What is the path to real, rather than "paper," climate neutrality, and is Ukraine ready for it? Part 2
What is the path to real, rather than "paper," climate neutrality, and is Ukraine ready for it? Part 2

First and foremost, the issue of financing must be resolved, because without it, all ambitious plans will remain nothing more than good intentions

The FEU calls on the Ministry of Economy to finalize the emissions trading system model
The FEU calls on the Ministry of Economy to finalize the emissions trading system model

Due to the war, businesses need a longer transition period and softer conditions than EU members