Ukraine Intends To Implement The Auction Scheme For Renewable Energy Projects

On 4 December 2018, the Committee on Fuel and Energy Complex, Nuclear Policy and Nuclear Safety approved the updated version of the main conditions for the Draft Law on Amendments to Some Laws of Ukraine on Ensuring Competitive Conditions for the Production of Electricity from Alternative Energy Sources (the "Draft Law"). This Draft Law aimed to introduce an auction scheme for the realization of the future projects based on renewable energy sources ("RES"). The main conditions for the Draft Law were revised based on the results of numerous meetings and round tables about a potential auction scheme with investors, developers, renewable producers, renewables associations and other stakeholders. The main conditions approved by the Committee will be included in a Draft Law for the first hearing in Verkhovna Rada in December 2018.