ENERGO: Non-performing loans surge in Ukraine's renewable energy sector

The number of non-performing loans in Ukraine’s renewable energy sector increased to 51% at the start of May, according to a report from Ukraine’s National Bank (NBU), Ukraine Business News reported on June 29.

Green energy loans make up nearly 4% of the total loan portfolio, with state-owned banks owning over 75% of the sector’s loans. Russia’s full-scale invasion inflated issues in the renewable energy sources (RES) sector that existed prior to February 24, 2022, the NBU notes.

“The industry did not have time to recover from the underfunding crisis, as the shock of the war caused a rapid increase in the share of non-performing loans,” the report states.