The government of Ukraine is considering retroactive drastic cuts to solar subsidies

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The government of Ukraine is considering retroactive drastic cuts to solar subsidies 1

The Ministry of Energy and Environmental Protection of Ukraine is considering slashing feed-in tariffs (FITs) for existing large scale PV plants 15-25%, trade body the Ukrainian Association of Renewable Energy (UARE) has told pv magazine.

The government has suggested PV plant operators accept a ‘voluntary’ 12.5% reduction in feed-in tariffs. If developers refuse, policymakers could impose 15-25% cuts, albeit with payment contracts extended five years. 

Renewables lobby group the UARE said the proposals flew in the face of plans announced by Ukrainian president Volodymyr Zelensky to attract renewables investment.

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