Ukraine

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

Realized under Ukraine’s feed-in-tariff scheme, the Kamianka plant is expected to deliver some 37 GWh per year and provide clean energy to more than 11,000 households.

If a call by the Ministry of Energy to procure 155 MW of solar next year is adopted, a first, 50 MW auction would be held in June.

On July 21, 2020, the Law on Feed-in Tariff Restructuring was passed by the Verkhovna Rada of Ukraine.

North Carolina-based Honeywell will supply a 1 MW/1.5 MWh lithium-ion battery storage system at the Zaporizhzhya Power Plant belonging to utility Dtek.

Parliament has adopted Draft Law 3658 which can now be signed into law by the president. Payment reductions for solar have been further eased and curtailment will now be compensated but talk of extending the duration of the newly-reset FIT levels appears to have fallen by the wayside.

Ukrainian renewable energy lawyer Svitlana Teush takes a look at the law which will define the cuts to be applied in Ukraine after extensive negotiation between government and the clean energy industry.

They are words to chill the soul of solar project owners when uttered in relation to feed-in tariffs: retroactive FIT cuts. A Ukrainian government smarting at the cost of funding an overly successful solar incentive program appears bent on emulating the approach of governments in Spain, Italy and Czechia by reopening signed payment contracts to reset the monies paid for clean power, despite the costly lawsuits that have greeted such moves in the past.