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Posted On

02
September
2021

Guaranteed Buyer pays out UAH 1.15 bln of next tranche to renewable energy generation

KYIV. Sept 2 (Energy Reform) – The state-owned enterprise Guaranteed Buyer has made another payment to electricity producers at a feed-in tariff in the amount of UAH 1.15 billion, the enterprise reported on the website on Wednesday.

According to the report, the company transferred UAH 720 million as payment for the "green" electricity in August, as a result, the amount of settlements for the last month reached over UAH 2 billion, as well as UAH 430 million for the July resource.

Thus, as of September 1, taking into account the last tranche of Guaranteed Buyer, the level of settlements in 2021 for January-April is 93%, for May – 73%, for June – 70%, for July – about 65%, and for August (20 days) – almost 51%.

According to the enterprise, a total of 7.31 million MWh of "green" electricity was purchased this year, 61% of which is the resource produced by solar power plants, 29% – by wind power plants, 8% – by biomass power plants and 2% – by small hydroelectric power plants.

This year, UAH 38.9 million were allocated for settlements with renewable energy generation, of which UAH 27.6 billion – for the resource of the current year, the rest – for electricity produced in 2020.

According to the latest estimates of Guaranteed Buyer, the level of settlements with RES generation over the past year is on average 69%, in particular, for January-March and August-December – 100% payment, June-July – 4% each, May – 7%, and April – 95%.

The source of payment for both 2020 and 2021, the enterprise calls the debts of NPC Ukrenergo to it to compensate for feed-in tariffs – UAH 11.6 and UAH 11.1 billion, respectively.

In an interview with Interfax-Ukraine, Energy Minister Herman Haluschenko noted that "there is nothing else for the RES generation than the issue of bonds." He pointed out that the old debt is approximately UAH 16 billion, and confirmed that in October-November the issue of government bonds will be closed.

As reported, Ukrenergo plans to issue bonds in the amount of EUR 500 million with a five-year maturity for settlements with producers of "green" electricity for 2020 in the fall of this year.