The Ukrainian parliament has voted a law on feed-in tariff (FiTs) reductions for renewable power generation. FiTs will be cut by 15% for solar parks and by 7.5% for wind parks commissioned between 2015 and 2019 and by 2.5% for both types of projects commissioned as of 1 January 2020. Once the law signed by the President, the FiT cut will be effective as of 1 July 2020.
Ukraine introduced feed-in tariffs (FiTs) in 2009. In 2019, they ranged between €5.8c/kWh for wind with a capacity under 1 MW to €18.1c/kWh for solar panels for private households. However, the state-owned Guaranteed Buyer, which acquires renewable power generation from producers, almost suspended payments to the producers between March and May 2020 in a context of coronavirus crisis (around UAH14bn, i.e. over US$500m). The State has committed to repay producers and to resume regular payments. The Sustainable Development Strategy for Ukraine by 2030 aims for renewables to account for 17% of total energy consumption by 2030.
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