The debt repayment was one of the main obligations of the government under the Memorandum on the voluntary reduction of "feed-in" tariffs, which was signed with investors in June 2020.
However, the issue of indebtedness to producers in 2021 remains unresolved. The level of repayments for last year is around 85%. DTEK Renewables hopes that the debt to producers will be fully repaid in the very near future. Resolving this debt crisis will help bring back investor confidence in Ukraine and, importantly, means a return of investment to further develop the production of energy from renewable sources.
“The development of renewable energy is a key component of the European decarbonisation course, which is an absolute priority for DTEK. We have invested more than UAH 24 billion (USD 1 billion) in new energy generating capacity in Ukraine, in large part because we have been the first Ukrainian company to raise funds from European partners through the Green Eurobond mechanism,” said Maris Kuniсkis, CEO of DTEK Renewables.
