EUEA received an official letter from NEFCO (Nordic Environment Finance Corporation) in which the international financial institution expressed its disappointment with Ukraine’s energy policy regarding the following issues:

– retroactive reduction of the Feed-in-tariff for already approved projects;

– non-fulfillment of payment obligations by the Guaranteed Buyer to clean energy producers;

-introduction of excise tax on electricity from RES.

NEFCO has therefore decided to stop investing in new projects in the renewable energy sector in Ukraine until a predictable and sustainable framework is in place and agreements are being honored by the Ukrainian government.

Statement: Green tariffs Ukraine_Comment by Nefco_3 June 2021