The Ministry of Energy and Environment Protection offers renewable energy market participants the voluntary restructuring of feed-in tariffs with its reduction by 17% for existing solar power plants and 10% for wind power plants with the extension of the payment term for five years.
The corresponding bill will be registered in the Verkhovna Rada in the coming days, Kostiantyn Chizhik, the deputy energy minister for European integration, said during the tenth International Investment Forum on Renewable Energy in Kyiv.
According to him, for projects that are planned to be implemented within the framework of signed pre-PPA (contracts for the sale and purchase of electricity at the current feed-in tariff for future facilities), restructuring in the form of a 15% reduction in the feed-in tariff for solar plants and a 10% reduction for wind farms is proposed.
“We expect that, firstly, it will balance the deficit of Guaranteed Buyer and, secondly, it will make tariffs closer to market prices. I want to emphasize that these proposals, perhaps with slight deviations, were supported by the majority of relevant renewable energy associations,” the deputy minister said.
The bill also provides for increased liability of electricity producers for imbalances.
