Uncertainty in the renewable energy market in Ukraine due to the revision and approval of new FIT will make certain adjustments to the development of the market. But for renewables, there are a number of promising areas of work.
According to Yaroslav Petrov, a partner at the law firm Asters, those solar energy projects that cannot be implemented until October 31, 2020, can be implemented through auctions or will sell electricity directly or in other market segments.
“We do not exclude that some solar projects in the early stages of implementation will be re-profiled, for example, in wind farms, if these are large projects and there are large land volumes. On wind projects, I expect they will be implemented. Because this law does not make many changes in their regulation, except that the law excluded the privilege for projects of three turbines,” he said.
Maksym Sysoev, partner of the law firm Dentons, added that the prospects for the development of renewable sources due to the entry into force of the new tariffs are rather difficult to predict due to the uncertainty of the methodology for compensating for underdevelopment. But there are areas that will develop despite all this.
“We will begin to implement projects for energy storage systems, plus there will be an interest in implementing these projects and participating in the balancing market. And now I see an increasing interest in implementing projects for own supply of electricity,” the lawyer said.
In his opinion, direct agreements will begin to be implemented in the near future. This will be facilitated, in particular, by the reduction in the cost of equipment and the rise in the price of electricity, added Sysoev.
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