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Investors threaten Ukraine with lawsuit if no deal reached on renewable tariffs
Journal Staff Report

KYIV, June 9 – Investors in renewable energy will be forced to sue state-owned enterprise (SOE) Guaranteed Buyer for non-payment for the electricity they produce, the founder of Vindkraft Ukraine, Carl Sturen, has said.

"In the near future, owners of renewable energy facilities will have to sue Guaranteed Buyer. Now, due to long delays in payments, many companies have nothing to pay interest on loans, salaries. We only pay taxes, and then we won't be able to do this for long. If we do not sue, then creditors will be the first to hold us accountable," Sturen said at a press conference at Interfax-Ukraine on Friday, May 5.




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