24 projects completed under NEFCO's Green Recovery Programme for Ukraine

The Nordic Environment Finance Corporation (NEFCO) has successfully completed 24 projects under the Ukraine Green Recovery Program, created in response to Russian aggression in 2022, NEFCO investment adviser Yulia Shevchuk said in an interview with Interfax-Ukraine.

“We are actively continuing our work within the framework of this program. At the moment, it covers more than 60 projects, several of which are in the development stage. Despite the military actions, we managed to complete 24 projects. The main areas of our activity include increasing the energy efficiency of public buildings, reconstruction and construction of new housing for internally displaced persons, as well as projects related to critical infrastructure. We work in such areas as water supply, heat supply and waste management, promoting their modernization and sustainable development,” Shevchuk noted.

Overall, NEFCO’s Green Recovery Facility for Ukraine has raised over EUR 323 million. Around two-thirds of this amount was provided by the European Union, and the remainder by NEFCO’s founding members, the Nordic countries (Denmark, Norway, Sweden, Finland), as well as the Eastern Europe Energy Efficiency and Environment Partnership (E5P) and the Nordic Environmental Development Fund (NMF).