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
Forests of Ukraine will spend 2 million UAH on recruiters to find a new chief executive
Forests of Ukraine will spend 2 million UAH on recruiters to find a new chief executive

Previously, the state-owned enterprise had paid around 1.5 million hryvnias to the same company to recruit members of the supervisory board

Ukrainian businesses do not support the draft law on the NETS: comments from the EBA
Ukrainian businesses do not support the draft law on the NETS: comments from the EBA

Industrialists are concerned about the lack of support for decarbonisation and the risks of double carbon taxation

Completed, overdue, carried over: what the Ministry of Economy’s environmental performance report for the year looks like
Completed, overdue, carried over: what the Ministry of Economy’s environmental performance report for the year looks like

Which of the department’s plans have been successfully implemented, and how many of the achievements did the merged ministry actually inherit from its predecessor?

CBAM for Ukraine should be scrapped – former EU Trade Commissioner
CBAM for Ukraine should be scrapped – former EU Trade Commissioner

The country has already lost more than half of its exports of certain types of goods