Investors are suffering losses due to a 25 billion UAH shortfall for green energy – managing partner of UDP Renewables.

Investors are suffering due to delays in payment for renewable energy

Investors who have invested their funds in renewable energy sources have incurred losses due to prolonged delays in payments for produced electricity amid the devaluation of the hryvnia. This was stated by the managing partner of UDP Renewables, Serhiy Yevtushenko.

According to him, investors in green energy in Ukraine have long faced issues with debts, and the level of payments has periodically fallen to 15%.

Last year, only 80% of the payments were compensated... Although the debts have decreased, they are still significant. Currently, they amount to 25 billion, - Yevtushenko stated.

He explained that green power plants in Ukraine were primarily built with loans in euros, and due to payment delays, investors incurred losses from currency fluctuations.

We lost at least 30% due to devaluation, - the investor clarified.

He emphasized that to develop green energy in Ukraine, it is necessary to fully resolve the debt issue.

Earlier, the chairman of the Solar Energy Association of Ukraine, Vladyslav Sokolovskyi, stated that debt repayment for green electricity will be a stimulus for building new power plants.