The Decarbonization Fund will change the terms of loans: what to expect

The Decarbonization Fund will change the terms of loans: what to expect shutterstock
Hanna Velyka

Among the clients now are many energy service companies and other private legal entities

By the end of the year, changes are planned to the Procedure for the use of funds from the State Fund for Decarbonization and Energy Efficient Transformation, which will be positive for potential recipients of this state support and create more favorable conditions for them. This was reported by

Olesia Mishchenko, Chairman of the Board of the Ukrainian Decarbonization Fund (UDF), in an exclusive interview with EcoPolitic, which will soon appear on our website.

She did not disclose the details, but said that innovations are planned:

  • expand the number of financial instruments for energy-efficient measures;
  • increase funding amounts;
  • extend the term of deferment of payment for the body of the loan.

In the first quarter of 2025, FSU also plans to launch new products that should be of interest to applicants. They will be related to leasing and factoring, for which the institution received a license at the beginning of December.

Mishchenko also spoke about the significant increase in the number of projects that have already received funding. Yes, if as of November 20, there were 7 of them, and the amount of loans issued amounted to UAH 21 million, then as of mid-December, FSU financed 16 projects for UAH 178.9 million, is at work 17 projects worth UAH 268 million.The projects that received loans collectively provide savings of more than 10.8 thousand. MW*h of electricity, as well as a reduction of CO2 emissions by 17.5%, which amounts to 7.3 thousand tons

Earlier, Ecopolitic previously prepared a large one material about the "Decarbonization Fund of Ukraine". We talked about his purpose, goals, how much money he has already accumulated, who the institution lends to and under what conditions. Later we talked about what next year funding of PDU will increase almost twice

Related
The EU is investing nearly €3 billion in zero-emission projects
The EU is investing nearly €3 billion in zero-emission projects

The projects are being implemented in 18 countries of the European Community. Over the first ten years, CO2 emissions are expected to be reduced by 221 million tons

Trump canceled environmental standards introduced by Biden for copper smelters in the US
Trump canceled environmental standards introduced by Biden for copper smelters in the US

Only two operating smelters process copper ore in the United States

In France, the court for the first time officially found an oil and gas giant guilty of greenwashing
In France, the court for the first time officially found an oil and gas giant guilty of greenwashing

If TotalEnergies fails to comply with the court's request, it will be charged €10 thousand per day

The EU will reconsider the ban on the sale of cars with internal combustion engines scheduled for 2035
The EU will reconsider the ban on the sale of cars with internal combustion engines scheduled for 2035

Demand for electric transport in Europe is lower than in China