Over the past six months – from September 2024 to March 2025 – the debt of the state-owned enterprise Guaranteed Buyer (Guaranteed Buyer) to renewable energy producers operating at the feed-in tariff has decreased by 37.7% to UAH 22.3 billion from UAH 35.8 billion.
This was announced by Artem Nekrasov, Head of Guaranteed Buyer, at a meeting of the Energy Development League press club on March 27.
According to him, the state-owned enterprise’s settlements with renewable energy generation have increased to 93% since the beginning of 2025, compared to 86% last year. In turn, NPC Ukrenergo’s payments to Guaranteed Buyer for renewable energy services in 2025 increased to 85.2% from 72.9% in 2024.
“There are positive developments. For the first time in my memory, a weighted tariff for electricity transmission services (for Ukrenergo – IF-U) was approved for this year. In addition, we started signing contracts with Ukrenergo not in 1.5-2 years, as it used to be before, but, for example, the January contract has already been signed and payments have already been made,” the CEO said.
According to Nekrasov, the development of the renewable energy market largely depends on the repayment of debts that have historically been accumulated after 2020.
He recalled that in 2020, the government and investors in renewable energy signed a memorandum in which the state confirmed payment guarantees. In particular, the government decided to add an additional part of the funds to the system operator’s tariff, which the state will compensate from the state budget. However, every year, when adopting the state budget, MPs exclude this provision from consideration, which has resulted in the NPC’s tariff remaining underfunded for several years, and Guaranteed Buyer’s debts to market participants are equal to Ukrenergo’s debts to Guaranteed Buyer.
Nekrasov said that Guaranteed Buyer will continue its activities to resolve the debt problem, for which a special roadmap will be developed in a dialogue with market participants.
“Regarding the debts of previous periods, it should be understood that no one in a country at war will immediately raise UAH 15-20 billion to repay them. However, a memorandum or a roadmap for debt repayment will be developed at the level of renewable energy companies, Guaranteed Buyer, Ukrenergo, the Ministry of Energy and the National Energy and Utilities Regulatory Commission, which establishes the sources of payments,” the Chairman summarized. According to him, such a map will include reasonable repayment periods and clear sources of funding.
In turn, the positive dynamics in Guaranteed Buyer’s settlements with market participants was also confirmed at the meeting by the heads of specialized associations and owners of renewable energy installations.
“The development of solar energy is facilitated by the gradual reduction of debt to renewable energy sources, as well as the fact that solar equipment can be installed quite quickly and in many cases does not require special permits,” said Vladyslav Sokolovskyi, Chairman of the Board of the Solar Energy Association of Ukraine.
For his part, Andriy Konechenkov, Chairman of the Board of the Ukrainian Wind Energy Association, said that wind energy will receive a new wave of development in 2025, which will yield qualitative results in 2026-2027.
“Currently, six wind farms are under construction in different regions of Ukraine,” he added.
The event was supported by the information and analytical center Experts Club.
EXPERTS CLUB, Guaranteed Buyer, RENEWABLES, UKRENERGO, ГОЛІЗДРА, Некрасов
The State Enterprise Guaranteed Buyer (Guaranteed Buyer) has announced the first auction in Ukraine for the distribution of the green generation support quota.
According to the state enterprise, 11 MW of solar power generation capacity is up for auction, with a starting price of 9 euro cents/kWh.
Applications are accepted until October 30.
The auction itself will be held on October 31 at 12:55 in the state electronic trading system Prozorro.Sale.
The auction will be held with a decreasing price.
According to the auction requirements, the solar power plant must be located on the left bank of the Dnipro River, except for the areas of military operations.
To participate in the auction, a bank guarantee in favor of Guaranteed Buyer in the amount of EUR 5/kW of the power plant’s capacity or its queue must be provided. To sign the contract, the winner of the auction must provide Guaranteed Buyer with a bank guarantee in the amount of EUR 15/kW of capacity, under which the winner is entitled to support based on the results of the auction. The remuneration of the operator of the authorized electronic platform is EUR 0.8/kW.
“The government has created all the conditions for holding the most transparent auctions for the distribution of state support for renewable energy producers. This is another step towards European integration and the implementation of best practices in supporting green energy in Ukraine,” Energy Minister Herman Halushchenko commented on the auction announcement, as quoted in the ministry’s website on Friday.
As reported, the Cabinet of Ministers, by its resolution of August 13, set an additional quota for support for business entities that produce electricity from alternative energy sources in the amount of 110 MW for 2024, of which wind farms – 88 MW, and solar power plants and other types of renewable energy sources (biomass, biogas, small hydropower plants) – 11 MW each.
The SPPs must be located on the left bank of the Dnipro River, and the auction for them will be held in October; there are no territorial restrictions for wind farms and other types, and the auctions are scheduled for November.
The contract with the State Enterprise Guaranteed Buyer for the provision of services under the market premium mechanism with the winner of the auction will be valid for 12 years.
For solar and wind power plants, the maximum selling price for electricity is 9 euro cents/kWh. For other types of alternative energy sources – 12 euro cents/kWh.
State-owned enterprise Guaranteed Buyer has paid UAH 4.3 billion to renewable electricity producers for the purchased resource in several months of 2023 after the National Energy and Utilities Regulatory Commission (NEURC) approved the amount of compensation from NPC Ukrenergo by Resolution No. 858 of April 30.
“On May 6, the company made payments totaling UAH 4.3 billion and achieved the following payment levels: for January 2023 – 100%, for February – 94.9%, for July – 99.4%, for August – 100%, for September – 96.8%,” GarPok’s website reports.
They explained that the payment was made at the expense of funds received from Ukrenergo, as well as payments from renewable energy producers for services to settle the share of imbalances and the cost of deviations of the balancing group of Guaranteed Buyer.
According to the website, in April, Guaranteed Buyer transferred UAH 2.8 billion to renewable energy producers at the feed-in tariff, both for April last year and for April this year.
As reported, in early April, in a commentary to Energoreforma, Ukrenergo CEO Volodymyr Kudrytskyi predicted that industrial RES plants would start repaying their debts in the near future.
“As for the payment for electricity produced through Guaranteed Buyer, the debts a month ago were UAH 32 billion, now they are at the level of UAH 22-23 billion and will decrease significantly after we sign the acts with Guaranteed Buyer for 2022-2023. I hope that we are very close to signing the agreements, as there is still a technical problem. Then, I think, we will be able to pay several billion hryvnias,” Kudrytsky said.
