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NEURC IMPROVES INVESTMENT CLIMATE

The National Energy and Utilities Regulatory Commission of Ukraine (NEURC) by its decision taken at the Commission's meeting held on 2 June 2016

The National Energy and Utilities Regulatory Commission of Ukraine (NEURC) by its decision taken at the Commission's meeting held on 2 June 2016 obliged State Enterprise Energorynok to introduce changes in already concluded PPAs between Energorynok and producers of electricity from RES to envisage the term of PPAs until 1 January 2030 and to conclude such contracts in the future only with the mentioned term.

As expected, it should resolve the existing issue when Energorynok signs PPAs with producers under feed-in tariff only for one year and then producers have to extend them annually. In particular, this has created problems with getting financing for renewable energy projects because financial institutions have not considered one year PPAs as bankable enough even though the Ukrainian legislation itself guarantees the feed-in tariff for commissioned renewable energy power plants until 1 January 2030 .

 http://uwea.com.ua/en/news/entry/nkrekp-pokraschu-nvesticjnij-klmat/