Guaranteed Buyer’s debt to renewable energy producers decreased to 22.3 billion hryvnias

Over six months, from September 2024 to March 2025, the debt of the State Enterprise Guaranteed Buyer to renewable electricity producers at the FIT decreased by 37.7% – to UAH 22.3 billion from UAH 35.8 billion.

According to Energoreforma, this was announced by the head of Guaranteed Buyer Artem Nekrasov at a meeting of the Energy Development League press expert club.

“We have positive changes. For the first time in my memory, a weighted tariff of Ukrenergo for electricity transmission services was adopted for this year. In addition, we started signing contracts with Ukrenergo not in 1.5-2 years, as it used to be before, but, for example, the January contract has already been signed and settled,” said the head of the state-owned company.

According to him, since the beginning of 2025, the state-owned enterprise’s settlements with renewable energy generation have increased to 93%, compared to 86% last year.

In turn, NPC Ukrenergo’s payments to Guaranteed Buyer for renewable energy services in 2025 increased to 85.2% from 72.9% in 2024.

Nekrasov recalled that in 2020, the government and investors in renewable energy signed a memorandum in which the state confirmed payment guarantees. In particular, the government decided to add an additional part of the system operator’s tariff, which the state will compensate from the state budget. However, every year, when adopting the state budget, MPs exclude this provision from consideration, which has resulted in the NPC’s tariff remaining underfunded for several years, and Guaranteed Buyer’s debts to market participants equal to Ukrenergo’s debts to the company.

In turn, the positive dynamics in Guaranteed Buyer’s settlements with market participants was also confirmed at the meeting by the heads of specialized associations and owners of renewable energy installations.

“The development of solar energy is facilitated by the gradual reduction of debt to renewable energy sources, as well as the fact that solar equipment can be installed quite quickly, and in many cases it does not require special permits,” said Vladyslav Sokolovskyi, Chairman of the Board of the Solar Energy Association of Ukraine.

For his part, Andriy Konechenkov, Chairman of the Board of the Ukrainian Wind Energy Association, added that wind energy will receive a new wave of development in 2025, and this will yield qualitative results in 2026-2027.

“Currently, six wind farms are under construction in different regions of Ukraine,” he said.