On May 18, 2019, President of Ukraine Petro Poroshenko signed the Law of Ukraine “On Introducing Certain Changes to Laws of Ukraine Regarding Ensuring Competitive Conditions for Generation of Electricity from Alternative Energy Sources” No. 2712-VIII (the “Law”) adopted on 25 April 2019 by the Verkhovna Rada of Ukraine.

In order to establish a transparent, market-based pricing...