Are you looking for financing to your energy-efficiency or renewable energy project in Ukraine?

Nefco provides grant financing for project preparation, technical assistance as well as for demonstration projects under the Finland Ukraine Trust Fund (FUTF). Check if your project is eligible and apply before 20 May 2021.

Funding available for various sectors

Through the FUTF, we can award grant financing to both commercial and non-commercial entities from Finland for institutional support, demonstration purposes, project preparation and development, or project implementation in Ukraine. The projects are expected to be implemented in cooperation with Ukrainian partner(s).

Financing is tied to Finnish content, meaning that each project must have a Finnish interest in the form of consulting services, supply of equipment or investment. The level of the Finnish content must be at least 30% of the total value of the project. The applicants selected shall be registered in Finland.

Selected proposals may receive grant financing between EUR 100,000 and EUR 600,000.

The focus of the Trust Fund is on following fields:

  • Renewable energy and waste-to-energy
  • Power and heat generation
  • District heating networks
  • Energy efficiency in buildings and industry
  • IT solutions and distribution networks
  • Development of partnerships in the context of multilateral development programs and projects of International Finance Institutions

Read more about some of the previously financed projects at Examples of projects financed by the Finland Ukraine Trust Fund | Nefco

Apply by 20 May 2021

The FUTF is currently open for applications for the Finnish companies for a limited period of time. We can finance both new initiatives and support activities that build on initiatives previously developed. The application deadline for this Call for Proposals is 20 May 2021.

Download the eligibility criteria and check whether your project is eligible.


The Trust Fund is financed by the Ministry for Foreign Affairs of Finland and managed by Nefco. The local coordinator is the State Agency on Energy Efficiency and Energy Saving of Ukraine (SAEE).

Read more about the Finland Ukraine Trust Fund | Nefco

Any questions?

Send your questions via this form by 30 April.  Answers to the questions will be published on the Nefco website not later than 12 May.

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