DLA Piper has advised Deutsche Gesellschaft fur Internationale Zusammenarbeit GmbH and the Energy Efficiency Fund on the EEF's agreement with the International Finance Corporation to provide funding to homeowners associations for the implementation of energy efficient measures in multi-family buildings. Baker McKenzie reportedly advised the IFC on the deal.
According to DLA Piper, the Energy Efficiency Fund's mission "is to bring Ukraine up to European levels of energy efficiency by reducing the level of energy consumption and СО2 emissions in the residential sector. The EEF provides support in the form of grants to homeowners’ associations for the implementation of technical solutions for energy-efficiency renovations in multi-family buildings. The Fund’s activities are funded by the State Budget of Ukraine and supported by the EU and German government. The EEF Program is implemented in cooperation with the International Finance Corporation, Deutsche Gesellschaft fur Internationale Zusammenarbeit, and the United Nations Development Program."
DLA Piper reports that the Energy Efficiency Fund is the only institution in Ukraine the Government of Ukraine has created to support energy efficiency initiatives, to implement incentive tools, and to support measures aiming to increase levels of energy efficiency in buildings and energy efficiency measures in the residential sector.
The DLA Piper team was led by Finance & Projects Partner Oleksandr Kurdydyk and included Legal Director Dmytro Pshenychniuk and Associate Anastasiia Zhebel.
Editor's Note: After this article was published Baker McKenzie confirmed that it had advised the IFC on the implementation of the European Union's program to support Ukraine's Energy Efficiency Fund. The firm's team consisted of Kyiv Managing Partner Serhiy Chorny and Associates Bogdan Dyakovych and Stanislav Demianiuk.
