Press release -
Swedfund invests EUR 20 million in critical infrastructure to support Ukraine’s recovery and energy security
Swedfund invests EUR 20 million in Amber Dragon Ukraine Infrastructure Fund I to support Ukraine’s recovery and strengthen energy security. The investment targets renewable energy, logistics and digital infrastructure, critical services for economic activity, public services, and daily life in a country deeply affected by war.
Ukraine’s infrastructure has been severely damaged, limiting access to reliable energy, transport and digital connectivity. These services form the backbone of jobs, businesses, and essential societal needs. By contributing to the reconstruction and modernisation of critical infrastructure, Swedfund aims to strengthen economic resilience, enable private sector activity and support long-term recovery.
“People and companies cannot rebuild their lives or their businesses without functioning infrastructure. Through this investment, we support Ukraine’s ability to restore essential services, strengthen energy security and continue its climate transition in an extremely challenging context,” says Gunilla Nilsson, Investment Director for Energy & Climate at Swedfund.
A significant share of the investment is expected to support renewable energy, contributing to increased clean power generation and reduced emissions. A resilient energy system is key to economic stability and recovery.
Swedfund will engage on environmental, social and governance (ESG) topics to help ensure responsible investments and robust impact management throughout the investment period.
Through this commitment, Swedfund contributes primarily to SDG 10: Reduced inequalities, by improving access to essential infrastructure in a conflict-affected country. The investment also supports climate action, SDG 13, by accelerating the transition to renewable energy.
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About Swedfund
Swedfund is Sweden’s development finance institution with the mission to reduce poverty through sustainable investments in developing countries. Swedfund plays an important role in the implementation of the 2030 Agenda and the Paris Agreement on climate. Swedfund shares the same goal as development cooperation in general, but the tools Swedfund uses are different. Swedfund has two instruments to fulfil its mission: sustainable investments in the private sector and technical feasibility studies through the Project Accelerator targeting the public sector.
Swedfund's investments contribute to the creation of decent jobs and increased access to essential products and services such as electricity and food. Swedfund is a long-term investor and is additional and catalytic through its investments and by mobilising private capital. Swedfund's feasibility studies support sustainable public infrastructure development, trade, and export opportunities for Swedish solutions.
We are part of Swedish development cooperation, and we measure and report all our results. As a state-owned company, Swedfund is managed by the Ministry of Finance and financed through portfolio reflows and annual capital injections for which the Swedish Ministry for Foreign Affairs is responsible.
For more information: please visit www.swedfund.se/en
