Wind power tariffs would be cut by 7.5%, solar tariffs by 15% under a draft memorandum of understanding approved Wednesday by the Cabinet of Ministers and two industry groups.

Wind power tariffs would be cut by 7.5%, solar tariffs by 15% under a draft memorandum of understanding approved Wednesday by the Cabinet of Ministers and two industry groups. ‘Green’ tariffs would apply to solar plants completed by July 1 and to wind power plants now under construction. Green tariffs would end at the end of this decade. At the cabinet meeting, acting Energy Minister Olha Buslavets implied the state will pay the $500 million debt run up this spring to green power producers.