DTEK Renewables received the balance of the overdue debt in the amount of UAH 2.7 billion for electricity produced from renewable sources in 2020 and partially in 2021 from the state-owned company “Guaranteed Buyer”.
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 about 82,5%. DTEK Renewables hopes that the debt to producers will be fully repaid in the near future. Resolving the debt crisis will help bring back investor confidence in Ukraine and restore investment to the development of renewable energy 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 $1 billion in new energy generating capacity in Ukraine, being the first Ukrainian company to raise funds from European partners through the Green Eurobond mechanism,” said Maris Kuniсkis, CEO of DTEK Renewables.
