Foreign investors: Ukraine should create investor friendly conditions for green energy.

According to VR Capital Group, Ukraine must ensure regulatory predictability and stability in order for foreign investors to implement fast construction of new green energy capacities.

“We would like to see more predictability from the state’s point of view, a clear and understandable regulatory framework that will not change often. We would also like to see a solution to the problems associated with the Guaranteed Buyer. This is slowing us down,” the top management of the US investment company said.

VR Capital has already invested hundreds of millions of dollars in green energy projects in Ukraine and, in the coming years, is planning to invest another $500M.

However, the investor says, “As for the electricity market, anyone can interfere, price caps are revised from time to time, and legislation changes without warning. All these things create risks. Taking into account the cost of capital, steps and measures should be taken to finance RES on a competitive basis and reduce the cost of borrowed capital. This would be good for everyone,” the company added.