Draft Law 3658 approved in the first reading

The Draft Law 3658 introducing changes to the support system of renewable energy projects in Ukraine has been just supported by the Parliament of Ukraine in the first reading.

Members of the Parliament will have now 2 weeks to submit their proposed amendments for the second reading.

See below brief summary of the Draft Law as well as rough estimate of the savings that can be achieved by the Guaranteed Buyer on an annual basis from feed-in tariff reduction envisaged by the Draft Law.