Ukraine’s Renewable Energy Crisis Rumbles On

In the coming days the Ukrainian Parliament (Verkhovna Rada) may begin to consider a draft law levying an increase in taxes on a range of business sectors, controversially including the renewable energy segment. The draft law removes electricity renewable energy sources (RES) from the list of sectors exempt from excise duty, effectively bringing in a new tax for solar and wind power plants at a rate 3,2% of the cost of renewable energy production.

Despite the fact the solar and wind power accounts only for 7% and hydropower accounted for 5% of electricity generation, the green energy sector accumulated 26% of all monetary settlements between buyers and sellers of electricity as of May 2020 making the sector an important sphere from the financial standpoint.

The stand-off between the Government and RES investors has become an issue impacting relations between Ukraine and the EU business community, but the conflict between the State and investors is rooted in the systemic problems of the Ukrainian green energy sector.

Kesarev takes a more in-depth look at the crisis that has gripped the sector since 2020 and tries to analyse potential ways out of the impasse for the Government.

Please read the full overview here.

Uncategorized
Kesarev

Romania’s Government Falls

Implications of the no-confidence vote against the Cîțu Cabinet Less than a year after its formation, Romania’s three-party government, led by Prime Minister Florin Cîțu

Uncategorized
Kesarev

Ukraine’s Renewable Energy Crisis Rumbles On

In the coming days the Ukrainian Parliament (Verkhovna Rada) may begin to consider a draft law levying an increase in taxes on a range of business sectors,

Uncategorized
Kesarev

Coalition Crisis in Romania

Analysis & implications of the turmoil surrounding the split of Romania’s ruling coalition Political stability in Romania has taken a strong hit in recent days

Uncategorized
Kesarev

Alar Karis Elected President of Estonia

In a move that surprised many in terms of its smoothness and speed, the Head of the Estonian National Museum Alar Karis was last week

About the GCA

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.