Nordic countries gave Ukraine another EUR 95 million to help rebuild with green technology and sustainable infrastructure at the fourth annual Ukraine Recovery Conference in Rome, according to a press release from Nordic Environment Finance Corporation (Nefco).
The new money will help pay for modernization and recovery projects that Nefco manages in Ukraine, helping cities build resilience and sustainability while the war continues. Since July 2022, Nefco has raised over EUR 400 million for green recovery work, with about 50 projects running despite the conflict. The latest money from Denmark, Sweden, and Norway shows that Nordic countries are still committed to helping Ukraine switch to a green economy.
The biggest project involves a major overhaul of Lviv’s wastewater treatment plant to stop excess waste flowing into the Poltva River and build local energy resilience. The two-phase project costs EUR 70 million total. Impact Fund Denmark is giving EUR 12 million and the Swedish International Development Cooperation Agency is adding EUR 3.7 million. This work tackles both environmental pollution and energy security in one of Ukraine’s key western cities.
Norway is boosting its support through Nefco by EUR 25.5 million for 2025-2027 to pay for energy-efficient school buildings, water infrastructure repairs, and solar energy projects. The Norwegian money helps Ukraine rebuild critical public infrastructure while moving toward renewable energy sources. Trade and Industry Minister Cecilie Myrseth and Ukrainian Energy Minister Herman Halushchenko signed the deal during the conference.
Denmark is also backing reconstruction work in Mykolaiv with EUR 45.5 million in new money. Nefco signed three deals with Mykolaiv city and the village of Domanivka to fix water infrastructure, install solar power systems, and upgrade district heating substations. The work is particularly important in the Mykolaiv region, which has taken heavy damage from the war but remains a key industrial and agricultural hub.
The Nordic money represents more than just funding—it shows how international partnerships can help Ukraine build back better with cleaner, more resilient infrastructure. While the war continues, these green recovery projects help communities keep essential services running while preparing for a sustainable future. The approach also strengthens ties between Ukraine and the Nordic region, creating long-term cooperation that goes beyond the current crisis.
