Ukraine’s Reduction in Renewable Energy Feed-In Tariffs: A Preview of Coming Disputes

WilmerHale
Contact

To promote the production of clean energy, many countries have introduced incentives to encourage investment in the renewable energy sector. These incentives have often included feed-in tariffs (“FiTs”), which generally involve long-term contracts providing for certain guaranteed payments to producers of renewable electricity (e.g., solar and wind power plants). Incentives such as FiTs have attracted substantial foreign investment in the renewable energy sector since the early 2000s.

Particularly after the global financial crisis, however, some governments have failed to comply with their FiT regimes or have sought to change their regulatory frameworks to reduce or eliminate FiTs in the renewable energy sector. In some cases, there have been sizeable differences between the FiTs owed by governments to renewable electricity producers and the prices utilities could charge for electricity. Some of the measures taken by governments have resulted in significant disputes, and foreign investors have brought claims against a number of States in which they have relied on protections under bilateral and multilateral investment treaties. More than sixty such cases have been brought against European States, most notably Spain, Italy, the Czech Republic, and Romania.

Please see full Article below for more information.

LOADING PDF: If there are any problems, click here to download the file.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© WilmerHale | Attorney Advertising

Written by:

WilmerHale
Contact
more
less

WilmerHale on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide

This website uses cookies to improve user experience, track anonymous site usage, store authorization tokens and permit sharing on social media networks. By continuing to browse this website you accept the use of cookies. Click here to read more about how we use cookies.