The Rada is scheduled to vote the Green Energy bill this week on the second reading. Failure could carry a high price tag, one North American investor warns the UBN. If the government fails to pay $625 million owed for energy from solar and wind producers, 70% of foreign projects in renewables face default this fall, and the government will face a mountain of offshore arbitration claims. With the Erdogan family investing $90 million in solar power plants in southern Ukraine, forget out the Turkey-Ukraine free trade pact. With $65 million invested by a Canadian company in Ukrainian solar plants, forget about visa-free entry to Canada. Foreign investors represent most OECD countries. If they feel burned, they will be ‘super spreaders’ of negative views on Ukraine’s investment climate.
The Rada is scheduled to vote the Green Energy bill this week on the second reading. Failure could carry a high price tag
