August 2020 - On 1 August 2020, pivotal
amendments to Ukraine's renewable energy regulation have come
into force (the RES Law). The RES Law implements
the Memorandum of Understanding signed on 10 June 2020 between
Ukraine's government and the renewable energy associations to
stabilize the electricity market (as we reported earlier).
Below we provide an overview of the RES Law.
Reduction of feed-in tariff
The central element of the RES Law is the reduction of the
feed-in tariff, also known as a "green" tariff
(FIT). The RES Law introduces FIT cuts for
photovoltaic (PV) and wind projects, both
operational and under construction. The degree of cuts depends on
the type of technology (solar or wind), generation capacity, and
date of commissioning. The RES Law does not extend power purchase
agreements (PPA) and FIT payments beyond 1 January
2030.
