A response issued by the Ministry of Justice to questions from an MP has revealed anxiety about any official comments on a case which involves a Lithuanian solar developer claiming restitution from the state after it retroactively reduced feed-in tariff payments for clean power in August.
Local lawsuits are reportedly set to cost the body set up to purchase clean power in Ukraine more than €24 million already, after the decision by the government in August to retroactively reduce FIT payments. Lithuanian clean power developer Modus Energy is preparing for its own suit, citing Ukraine’s international treaty obligations.
Lithuanian-owned solar developer Modus Energy International is reportedly seeking €11.5 million from the Ukrainian government after it retroactively reduced feed-in tariff payments from August. Modus claims Kiev breached the Energy Charter Treaty with its reduced-payment legislation.
That was just one of the revelations of the latest Dentons’ Guide to renewables investment in Europe, which also noted solar plants could be switched off in Slovakia, Ireland could go either way on clean power pricing, and Luxembourg is struggling with a surprising headache.
The private-sector arm of the World Bank, which claims to leverage $3 of its own capital and $8 from third parties for every dollar invested in its blended finance funds, has attempted to quantify what devoting Covid recovery funds to green investment would mean for emerging economies.
Kyiv’s Commercial Court has begun hearing a case that could be of interest to solar developers with a stake in Ukraine’s solar sector, or those looking to buy into the country’s energy market. For nearly a year the grid connection of a solar plant had been capped by an adjacent metal producer. The legal proceedings could prove a test for Ukraine’s suitality to provide sufficient investor protection, the plaintiff stated ahead of the trial.
The tile has a power output of 45 W, an open circuit voltage of 5.63 V and a short-circuit current of 10.12. The product costs $1.38/W and has a 25-year performance guarantee
On July 21, 2020, the Law on Feed-in Tariff Restructuring was passed by the Verkhovna Rada of Ukraine.
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