CORRECTED - Ukraine solar FiTs climb by 1.1% from Jul - report
Jul 4, 2014 - Ukrainian solar power plants will get 1.1% higher feed-in tariffs (FiTs) from July 1 to reflect the change in the exchange rate of the euro to the Ukrainian hryvnia.
Interfax-Ukraine News Agency said Wednesday that the rates for ground-mounted solar plants will range between UAH 7,535.3 (USD 638.9/EUR 470.0) and UAH 5,494.5 per MWh after the change. For rooftop solar arrays the highest FiT will be UAH 7,221.3, while the lowest is UAH 5,651.4/MWh, depending on the system’s capacity and commissioning.
The rates exclude value added tax (VAT).
According to the report, the National Commission for Energy Regulation (NCER) has approved the FiT changes without taking into consideration cabinet resolution 589-r that called for the cut from 1.8 to 1.01 of the peak coefficient used for the rates’ calculation. Local investor TEKT Group, which has interests in biofuels, solar energy and other businesses, is fighting that resolution in court.