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Technical support provided by USELF

To facilitate and speed up investments in renewable energies, USELF provides technical assistance and advice to applying companies. This is financed by a grant from the Global Environment Facility and is available free of charge for eligible projects. The primary goals of the technical assistance include:

  • implementation support for sponsors
  • eligibility check of each project for which an application is submitted
  • project evaluation so that the EBRD can take a decision on loan disbursement.

Implementation support for sponsors includes:

  • Project permitting and licensing: The Implementation Team will support this process by assisting developers in understanding the permitting and licensing process in Ukraine, advising what information is necessary to submit the various applications and helping to ensure such information is prepared to the necessary standard.
  • Feasibility studies: While developers will be expected to prepare adequate feasibility studies themselves some will benefit from advisory support to improve the rigor of analysis and identify additional issues to be addressed. The Implementation Team will advise developers on how to improve the standard of feasibility studies. This covers the scope and quality of information required by banks and other involved parties as well as the nature and scope of independent technical analyses which will be required for the due diligence process.
  • Commercial negotiations: The Implementation Team will provide advice on how to prepare for discussions, including feedback on proposed commercial agreements, and, where appropriate, provision of model agreements as a basis for discussion.
  • Project management.

USELF presents a unique opportunity for private Ukrainian companies and developers to get this free technical assistance in financing and launching of their projects. If you wish to apply for USELF financing, click here.