Debts of the Guaranteed Buyer and Ukrenergo hinder the development of decentralized generation in the country — expert

April 23, 2024

The State Enterprise "Guaranteed Buyer" and the company "Ukrenergo" must ensure repayment of the debts accrued in the energy sector, since their existence significantly hinders the development of decentralized generation in the country, which is important in the conditions of Russian shelling of the energy facilities, reported RBC-Ukraine with reference to the Razumkov Centre energy programmes director Volodymyr Omelchenko.

"It is a very good idea to build wind farms. They are not being built at the pace we want, but there are significant problems here. First of all, the thing is that, unfortunately, the state does not meet its obligations to private investors, who are investing in the decentralization of the energy system," Omelchenko said.

According to him, the state-owned "Guaranteed Buyer" and the company "Ukrenergo" have large debts to investors who invested money in wind and solar power plants, which strongly inhibits the development of decentralized generation.

"If there were no such impediments, we would already have built and would have much more decentralized generation capacities, and the question of energy supply would not be so pressing now," the expert explained.

He believes that as a result of the policy of state bodies that violate the legislation and did not help reduce debts to "green investors", the country will face very serious problems with the energy sector decentralization. 

"If we do not solve the problem of settlements with "green investors", we will never create decentralized generation," says Omelchenko.

The Guaranteed Buyer owes green energy companies for 2023 25%, for 2022 — almost 45%.

Volodymyr Omelchenko

Director, Energy Programmes

Born in 1967 in Kyiv

Education: Kyiv Politechnic Institute, Department of Chemical Engineering (1992)

Author of over 50 scientific works and op-ed publications. Took part in development and implementation of international energy projects and scientific research in international energy policy


1992 – 1996 — worked in different positions in the mechanical engineering industry

1997 – 1998 — Head Expert of the Division of Oil, Gas and Petroleum Refining Industry of the Ministry of Economy of Ukraine

1998 – 2003 — Naftohaz Ukrayiny National Joint-Stock Company, in Charge of Oil Transportation Section

2004 – 2007 — Chief Consultant at the National Institute of International Security Problems of Ukraine’s NSDC

since February, 2007 — Leading Expert, Razumkov Centre. Director of Energy Programmes since 2013

(044) 206-85-02