Eastern Europe Energy Efficiency and Environment Partnership (E5P)

Climate Fund
iSustain score 60

The E5P is a €462 million multi-donor and multi-IFI Fund operating in Ukraine, Armenia, Azerbaijan, Georgia and Moldova. It was initiated during the Swedish Presidency of the European Union in 2009. It aims at supporting high impact energy efficiency and environmental investments in the Eastern Partnership countries. The E5P merges financial contributions from the European Union and a group of 24 nations, including countries which are benefiting from the fund. The contributions are used as grants to support municipal sector projects. The projects approved for implementation in Ukraine have shown that the E5P grants can leverage on average investment volumes that are five times the size of the committed grants. The grant allocations are flexible and recognise priorities of each recipient country with the overall aim to reduce energy use, pollution and greenhouse gas emissions. The fund also supports policy dialogue and regulatory reform.

Geographic focus

Central Asia
Eastern Europe

Sector appetite

Climate Adaptation
Climate Mitigation
Energy
Industry
Infrastructure
Renewable Energy
Transport
Urban Development
Waste
Water

Fund size

EUR 462 million multi-donor fund, over EUR 2 billion of investment mobilised

Eligible recipients

Public entity at the sub-national level

Co-financing requirement

Yes — co-financing expected

Instruments & open calls

What a client can actually approach this organisation for, and how access works.

No instruments or open calls profiled yet for this organisation.

Members-only detail for Eastern Europe Energy Efficiency and Environment Partnership (E5P)

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