Ukrainian investors, who previously believed in state guarantees and invested in small solar power plants with a capacity to 10 MW, decided to prepare for collective arbitration in Paris jointly.
The precondition for this was arrears of payments by the “Guaranteed Buyer” for “green” electricity supplied by small solar stations, which averages 93% in April and 87% in March 2020.
The second reason for the decisive actions of Ukrainian investors is the Government’s intention to retrospectively revise the tariff for solar stations and reduce it by 25%, despite the state’s previous guarantees of investment preservation.
If such initiatives are implemented by law, investors are going to go to court collectively and recover from the state the losses caused by retrospective restrictions, as well as lost profits and court costs.
Lawyers assess the prospect of winning such lawsuits as very likely.
