EBRD Plans €1 Billion Investment in Ukraine's Energy Sector for 2025

The European Bank for Reconstruction and Development (EBRD) is set to invest €1 billion ($1.1 billion) in Ukraine's war-damaged energy sector in 2025, as confirmed by EBRD Vice President Matteo Patrone. This funding aims to bolster energy resilience following extensive damage from Russian missile and drone strikes that have led to significant blackouts and loss of generation capacity. Since the onset of the full-scale invasion in 2022, the EBRD has already deployed €2 billion, with expectations for that amount to increase to approximately €3 billion by the end of 2025. The EBRD is focusing on enhancing Ukraine's energy security through renewable energy projects, aiming to expand the share of renewables in the energy mix from currently around 10%. Additionally, the bank is collaborating with Ukraine's state energy company Naftogaz to secure natural gas supplies for the winter. The ongoing support underscores the EBRD's commitment to aiding in Ukraine's recovery and modernization efforts in the energy sector.