Ukrainian govt signs memorandum with ‘green’ electricity producers

Ukraine’s Cabinet of Ministers has signed a Memorandum of understanding on the settlement of problematic issues in the field of renewable energy, the Cabinet’s press service reports.

The document was signed by Prime Minister of Ukraine Denys Shmygal, acting Minister of Energy Olha Buslavets, officials of the European-Ukrainian Energy Agency and Ukrainian Wind Energy Association (UWEA).

The document stipulates that the producers of “green” electricity accept the conditions for a voluntary restructuring of “green” tariffs, which provides for their reduction. In particular, for all electricity facilities that produce solar energy, tariffs are expected to be reduced by 15%, for facilities that generate electricity from wind energy – by 7.5%.

For its part, the Cabinet of Ministers noted that the Ukrainian government undertook to take all measures to repay existing debts to RES producers, who had accepted the terms of the restructuring.

As we reported earlier, Ukraine’s Security Service (SBU) warned Verkhovna Rada that the “green tariff” threatened the energy security of Ukraine.