Ukraine plans to create a fund to support green power plant construction.

Ukraine is working to ​​create a dedicated fund that would guarantee stable investor profitability for new renewable energy projects, which would stimulate the construction of green power plants, said Andriy Gerus, head of the parliament’s energy committee.

He said that the fund will subsidize green energy producers in the event that prices drop below a certain fixed level. According to Gerus, creating such a fund will assist investors in developing their business models and increase the chances of obtaining loans to implement these projects. Gerus noted that the existing support mechanism for the RES industry – state enterprise Guaranteed Buyer – is not effective, as it has accumulated multibillion-dollar debts to investors.

“Now the priority is for the Guaranteed Buyer to pay off the existing debts,” Gerus said.

He also added that the state is currently conducting a dialogue with the EBRD, exploring different financing options for such a fund.