Ukraine owes green power generation investors about $711.2M.

The state enterprise Guaranteed Buyer is ₴28.9B ($711.19M) in arrears to renewable energy investors under its green tariff obligations. As reported by the state-owned enterprise, the debt is a consequence of Ukrenergo’s non-compliance with the terms for fulfilling its financial obligations, violation of the deadlines for making advance payments, and the final settlement for the service of ensuring the increase in electricity production from RES. Ukrenergo owes about ₴22.6B to the Guaranteed Buyer.

The Guaranteed Buyer repeatedly appealed to the National Energy Market Regulator with a request for assistance in the repayment of Ukrenergo’s existing debt, stressing that the violation of the service payment procedure makes timely and complete settlements with RES producers impossible.

According to data from state-owned enterprises, the level of indebtedness to RES enterprises is more than 40% for 2022; this year, it has already reached 40%.