E5P

E5P was established in 2009 at the initiative of the Nordic Environment Finance Corporation (NEFCO), the Nordic Investment Bank (NIB), and the EBRD, with EIB joining later as host institution. It pools grants from EU member states and institutions to co-finance energy efficiency and environmental infrastructure in Eastern Partnership countries (Ukraine, Moldova, Georgia, Armenia, Azerbaijan, Belarus). Investments are typically blended with loans from the EIB, EBRD, or national banks.

E5P has financed numerous energy efficiency upgrades in Ukrainian hospitals, municipal heating systems, and public buildings — investments that have taken on heightened strategic importance since Russian attacks on Ukraine’s energy infrastructure began in late 2022. Hospitals that received E5P-financed insulation, boiler replacements, or solar installations have been better positioned to maintain service continuity during grid disruptions. For health actors implementing energy resilience programmes (such as CARE’s portable power station procurement for health facilities), E5P’s prior investments and the EIB’s infrastructure financing role provide a relevant systems-level funding context.

E5P (the Eastern Europe Energy Efficiency and Environment Partnership) is a multi-donor grant facility, hosted at the EIB Global, that provides grants for energy efficiency and environmental projects in Eastern Partnership countries, particularly targeting municipal heating, water, and building efficiency investments.

Ukraine Commitment

E5P has provided grant funding for energy efficiency upgrades in Ukrainian hospitals, schools, and municipal buildings since its inception; since 2022, E5P-financed projects have become particularly critical for health facility energy resilience in the context of attacks on Ukraine’s energy infrastructure.