Germany’s switch to auctions “cut investment in renewables in half,”

Germany’s switch to auctions “cut investment in renewables in half,” Hans-Josef Fell, a former member of the Bundestag for the Green Party, warned the investment forum. Noting that auctions require expensive business plans by participants, he said: “My fear is that Ukraine will only see big investments from oligarchs.” Michael Yurkovich, CEO of TIU Canada, owner of a solar power plant in Nikopol, Mykolaiv region, writes in the Kyiv Post: “Auctions are no panacea…the country needs to be confident that the supply of potential projects exceeds demand, a pre-requisite for an effective auction.”