In the Rada’s latest red light to green energy
Wednesday, July 4, 2018

In the Rada’s latest red light to green energy

In the Rada’s latest red light to green energy, the parliament did not approve a bill exempting imported renewable energy equipment from the 20% VAT tax. In 2014, Ukraine approved a 2020 target for deriving 11% of energy from renewable resources. Although the total capacity of green power installations has increased by 20% this year, to 1,643 MW, Ukraine’s total renewable capacity adds up to only 1.4% of electricity consumption. Next year, the Rada is expected to exchange the lucrative ‘green energy’ tariff rates for a less profitable auction system.

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