Repayment of debts to investors stimulates the construction of green power plants - director of 'Garpok'.

The director of the state enterprise 'Guaranteed Buyer' Artem Nekrasov reported that repaying debts to investors in green energy is crucial for the speed of constructing new generating capacities in Ukraine.

'We clearly understand that the development of the renewable energy market significantly depends on repaying debts that have accumulated since 2020. At that Time, a memorandum was signed in which the state confirmed payment guarantees,' Nekrasov said.

According to him, the accumulation of new debts for produced green electricity was a result of the lack of funding from the state budget for the development of the renewable energy sector.

'Every year, when the budget is adopted, deputies do not mention this provision or strike it out,' the director of the state enterprise stated.

Nekrasov also pointed out that due to this, the tariff for the transmission of NEC 'Ukrenergo' lacked adequate funding for the development of green energy.

'Therefore, for many years the tariff does not receive the necessary funding, and the debts of 'Garpok' to market participants are equal to the debts of NEC to 'Garpok,' Nekrasov explained.

In the last six months, the debt of the state enterprise 'Guaranteed Buyer' to renewable energy producers has decreased by 37.7% - from 35.8 billion UAH to 22.3 billion UAH.

Earlier, the head of the board of the Solar Energy Association of Ukraine Vladyslav Sokolovskyi stated that paying off debts for green electricity would be an incentive for the construction of new power plants.