The Razumkov Center’s research on “A set of necessary solutions to increase the share of RES in the energy balance of Ukraine” was presented yesterday. This is a continuation of previous research by the Razumkov Center on this topic, aimed at creating a favorable investment climate for Ukraine to achieve the goals of the Paris Climate Agreement та у перспективі – вуглецевої нейтральності.

EUEA joined the discussion of this presentation of the research in which the main causes of the debt crisis in the RES sector has been conducted, an analysis of the current legal field was carried out and priority measures were proposed and recommendations for overcoming the default crisis and bringing this strategically important energy sector on a stable development trajectory.

Among the priority legal mechanisms for debt repayment to RES producers (in short term) were recommended:

  • partial financing of payment for energy produced from RES from the state budget of Ukraine (according to the Law 810-IX, at least 20% of debts can be repaid from the State Budget at the «feed-in» tariff);
  • repayment of existing debt through the mechanism of domestic government bonds of Ukraine;
  • reduction of the tariff for electricity transmission of PJSC «NEK»  Ukrenergo» to an economically justified level, provided that the competitiveness of Ukrainian industrial products.

In case of failure to take additional anti-crisis measures realistic is the scenario according to which the outstanding debt to the «feed-in” generation at the end of 2020 will amount to more than UAH 32.5 billion.  This will lead to its collapse and may remove Ukraine from the main European trend of the European «Green Deal» program, which will actually push our state to the margins of civilizational development and make its economy uncompetitive.

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