Today's Contents
Reporter's Notepad:
- URN launches Partner Program to bring investors expert-level guidance
- CMS Contribution: Ukrainian state electricity off-taker aims to clear debt to renewable producers under FIT scheme this year
Just The Facts:
- Trump and Zelensky hold private talks at Vatican basilica on Ukraine peace efforts
- EBRD lends €270 million to Ukraine's Naftogaz to finance emergency gas purchases for next heatings seasons
- Enterprise Ireland eyes opportunities for Irish firms in Ukraine reconstruction
- Ireland adds €7 million to EIB's Ukraine recovery fund, raising total to €410 million
Here's What They Think:
- Responsible Statecraft: Ukraine and Europe cannot afford to reject Trump's peace plan
- Modern Diplomacy: Putin must lose in Ukraine to understand Russia is not a great power
Sober Second Thought:
- 82% of Ukrainians support continuing to fight against Russia even without US support, survey finds
Rebuilder's Social
- France contributes X-ray systems for frontline operations, Europe finances Ukrainian nuclear safety, Ukraine Facility Platform calls for focus on synergies between Ukrainian and European business.
URN Launches Partner Program
Today, Ukraine Rebuild News is launching its Partner Program designed to bring expert-level guidance in various sectors to companies planning to invest in the reconstruction of Ukraine.
In recent months, URN has been in the planning stage with various firms and organizations dedicated to serving investors in Ukraine. The program combines the expertise and Ukraine-specific knowledge of world-class companies with the news sense and impartiality of URN.
How does it work?
URN staff, with decades of experience working for Bloomberg, The Associated Press and many of the world's largest institutional investors, works with partners to help select topics of interest to foreign investors in Ukraine.
With URN editing, world-class experts then bring you exclusive news, updates and deep dives into various topics of interest, such as the legal and regulatory environment, physical security, cybersecurity, logistics, tax and accounting, and political issues related to investing in Ukraine.
In a news item in today's issue, CMS Ukraine covers, exclusively for URN readers, an issue of urgent interest to investors in Ukraine's renewable energy sector: the accumulation of debt by Guaranteed Buyer, the state electricity off-taker, to renewable energy providers.
The following article is reported by CMS staff, with editing by URN.
Ukrainian state electricity off-taker aims to clear debt to renewable energy producers under FIT scheme this year
Ukraine's state electricity off-taker, named Guaranteed Buyer, is developing a plan to pay its accumulated debts to electricity producers operating under the Feed-In Tariff (FIT) scheme, and aims to clear all such debts this year, according to a senior official of the state enterprise.
The debts have already fallen 28% in the year through March to UAH 22.3 billion (€470 million) due to a series of measures, including loans secured by Ukrenergo, which operates the national electricity transmission system, said Kateryna Danylova, Deputy Director of Guaranteed Buyer.
The repayment roadmap, a critical step toward restoring stability in Ukraine's renewable energy sector, would apply to the remaining debts under the FIT scheme, but not to other segments of the renewable energy market, such as those operating under auctions or PPAs.
Guaranteed Buyer's debt under the FIT scheme, which is essentially a government-backed, fixed-price contract for green electricity, stood at UAH 22.3 billion (€470 million) last month, from UAH 30.8 billion a year earlier.
The debt, which has accumulated due to war-related disruptions, shortfalls in tariff collections and other factors, has served as a potential deterrent to attracting further investment in Ukraine's renewable energy sector, despite measures to stimulate its development.
The debt reduction shows strengthened institutional commitment to rebuilding investor trust and ensuring the long-term viability of the green energy market in Ukraine.
Guaranteed Buyer plays a central role in implementing the FIT mechanism in Ukraine. Acting as the designated off-taker, Guaranteed Buyer purchases all electricity from renewable energy sources producers operating under FIT and is responsible for ensuring timely and full payments.
CMS is a top 10 global, full-service law firm with 75 offices and over 4,800 lawyers worldwide, and is the largest law firm in Europe. CMS Ukraine, with 8 partners and over 30 domestic and internationally qualified lawyers, offers a full-service practice with unparalleled knowledge of the Ukrainian market. As part of the CMS Rebuilding Ukraine initiative, the team supports the National Recovery Plan, advises on legislative changes, and helps businesses navigate reconstruction and war-driven challenges.
