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[This website has not been updated since 2017 and USELF is no longer maintaining a programme consultant based in Ukraine to manage applications. Requests for financing should be directed to EBRD directly.]


The Ukraine Sustainable Energy Lending Facility (USELF) is an investment facility of up to €140 million established by the European Bank for Reconstruction and Development (EBRD) for fostering renewable energy projects in Ukraine.

The Facility provides debt finance as well as development support to projects meeting commercial, technical and environmental eligibility criteria.

USELF is structured to provide financing directly from the EBRD for small and medium projects with a simplified and rapid approval process, so reducing transaction costs.

Target projects include all forms of power generation from renewable energy sources, including hydro, wind, biomass, biogas and solar. Biomass and input for biogas production would come from sustainable sources and / or organic waste. Production and distribution of liquid biofuels are not eligible.

Companies applying for a loan within USELF get a unique opportunity to receive attractive EBRD financing as well as technical assistance from the leading international and local ex-perts.

Your Advantages

  • Loans starting from €1.5 million
  • Reduced transaction costs
  • Longer term limited recourse finance
  • Technical assistance free of charge

Investment appraisal

Investment projects are assessed by the EBRD on the basis of information made available by the sponsors, such as feasibility studies and a business plan. Technical consultants undertake a project appraisal and submit to the EBRD a technical, environmental and financial evaluation report of the prospective projects as well as provide legal support to the companies.

Next steps

Contact the USELF team with your project idea. Our team will do a quick assessment of general project eligibility and then guide you through the application process.


USELF Brochure