A man walks past solar panels of the UDP Renewables power plant in Kyiv Oblast on Sept. 26, 2017. Despite cutting the green feed-in tariff in July, the government is still struggling to afford it and its debt continues to grow to renewable producers, some of whom filed lawsuits and threatened arbitration.

After cutting the green tariff, once Europe’s highest guaranteed price for renewable energy producers, Ukraine is still struggling to pay it and cover its mounting debt of almost $1 billion.

If the debts keep piling up, renewable developers say international arbitration is around the corner. So is loss of investor confidence and Ukraine’s failure to take part in Europe’s Green New Deal.

Source: www.kyivpost.com

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