Tax incentives for wind energy equipment
Olha Savchenko, head of the legal committee of the Ukrainian Wind Energy Association, calls for the continuation of tax incentives for the import of renewable energy equipment. She believes that the list of equipment should also include wind energy equipment.
“We see from October 10 that yes, it is necessary. Because the tax burden, the customs burden on the investor at the moment of crossing the border, should be borne by the state in order to reduce their initial investment, so that they understand that it is attractive,”
According to Savchenko, the state should partially take on the tax burden when importing energy equipment to encourage investors to develop new generating capacities.
“There is an opinion that when you cross the border, you pay VAT, receive a tax credit, and then within the framework of your activities return the paid funds. But the question is, whether to pay 20% immediately, or to return them over a period – that is the question,”
She noted that excluding wind energy from tax incentives for equipment import creates unequal conditions, as wind is a stable source of energy and its development is provided for in the national energy and climate plan.
“Now there are already wind power plants in the draft laws. We hope that everything will be refined so that they finally appear,”
Earlier, Maksym Nemchynov, vice president of Energy Club, also expressed support for tax incentives on the import of equipment for wind power plants, calling them a necessary step for the development of the industry.
Representatives of the wind energy sector in Ukraine are calling for the continuation of tax incentives for the import of renewable energy equipment, including equipment for wind energy. This will promote industry development and create stable conditions for investors.