Redcliffe Partners supports EBRD in the launch of the debut EUR75 million Ukraine Residential Energy Efficiency Financing Facility (the “Programme”). The Programme will be available to eligible borrowers through three partner banks in Ukraine, namely, UkrSibbank, OTP Bank and Megabank.
Policy-shaping efforts were required to eliminate regulatory barriers and so enable the Programme, allowing Ukraine to successfully debut the Residential Energy Efficiency Financing Facility amongst all the EBRD’s countries of operations.
Redcliffe’s team supported EBRD both on the transactional law issues, such as the development of Project Documentation, and on policy shaping efforts required to enable the Programme in Ukraine.
Clifford Chance Moscow provided English law advice relating to the Programme.
Redcliffe’s Managing Partner Olexiy Soshenko comments: “We are happy to see the Programme successfully debut in Ukraine. Redcliffe’s expertise in cross-border finance, combined with a track record in policy shaping, made us very well-positioned to support the EBRD in this project.”
Redcliffe’s team included Olexiy Soshenko, managing partner, and Olesia Mykhailenko, junior associate.