An interview by Mats Lundin for Bloomberg New Energy Finance:

Mats Lundin, managing director of Celynx Energy Solutions, a Zurich-based developer involved in Ukraine and Romania, says legislation in Ukraine remains sketchy in all aspects. "The green tariff law from last year provides for a feed-in type of tariff at very high levels, but the process of obtaining it provides a number of uncertainties for large projects that intend to seek project finance," he says. Celynx is advising a group of Swedish investors who are planning a 300MW wind farm in Ukraine with construction earmarked for next year.

"If you scratch below the surface of all of these big projects, there is a much smaller initial project because companies are having problems obtaining finance," says Mats Lundin.

The first port of call for foreign investors seeking financing is usually the European Bank for Reconstruction and Development or the World Bank's International Finance Corporation, he explains, but because of how some of the permitting is done in Ukraine.

Link: Teach NYC Green