The state must overcome the energy debt crisis to attract new investments - expert.

Ukraine needs to tackle the debt issue with investors – Stanislav Ignatiev

Stanislav Ignatiev, head of the board of the Ukrainian Renewable Energy Association, stated that Ukraine must resolve its debt issues with investors in the renewable energy sector. This is a key factor in attracting investments in new energy stations in the country.

Ignatiev also noted that Ukraine needs new power plants, as many have been destroyed by Russia and are no longer operational.

«In order to build our own stations, we must overcome the financial crisis that currently exists. This crisis leads to a lack of trust among large investors in Ukraine's energy sector,» Ignatiev stated.

According to the expert, the current debt to green energy investors amounts to 34 billion UAH, and this is one of the reasons why new stations are not being built in the country.

«We must settle these debts. Investors will see that large and long-term projects can be realized in this country,» Ignatiev shared.

Stanislav Ignatiev also emphasized that there are foreign investors interested in investing in Ukraine. They wish to invest in energy storage systems to balance the energy grid.

Previously, Daria Orlova, an electricity market analyst, pointed out that the debt in Ukraine's electricity market is a serious issue that significantly hinders the development of the country’s energy sector.