Renewable Energy Auctions Law adopted by Ukrainian parliament
On April 25, the Verkhovna Rada passed the law introducing renewable energy auctions. A preliminary summary of the law can be found here. Low Carbon Ukraine has closely accompanied the drafting process of the law, which is due to be signed by the President of Ukraine in May. Together with DiXi Group and the AURES II project, Low Carbon Ukraine has given detailed economic recommendations on the design of the auctioning scheme. These recommendations were sent to the Verkhovna Rada as part of a joint letter set up by the EU Delegation to Ukraine, Energy Community, EBRD, IFC, and World Bank. If well implemented, the law can pave the way for a sustainable and competitive development of green energy in Ukraine.