Ukraine ranks 29th among the most attractive countries in the world for investment in renewable energy, according to a ranking prepared by Ernst&Young.

In the previous report of the company released in August 2012, Ukraine kept the same position.

Ukraine entered the rating for the first time in 2011, and has already overtaken ahead European countries Bulgaria and Austria. In addition, Ukraine is the sole representative of the CIS and the former Soviet Union in the ranking.

At present Ukraine shares the 29th place in the rating with Egypt and Finland. The Ernst&Young index is headed by China, followed by Germany, the United States, India and France.

As noted in the document, the development of renewable energy in China in the near future could slow down due to changes in the state support of the industry. The United States is losing its position and the reason for this is uncertainty in the energy policy. Emerging markets, in turn, continue a strong growth.

As reported, in late November the Verkhovna Rada of Ukraine adopted law No. 5485-VI, which significantly expanded the scope of feed-in tariffs for electricity.

The law introduces feed-in tariffs on electricity generated from biogas and components of biodegradable solid household waste.

The parliament differentiated feed-in tariffs for small hydro power plants, increasing them for low capacity facilities. According to experts, this will allow to more efficiently use the potential of small rivers and streams, which previously was not economically feasible.

The population became able from 2014 without special licenses to sell excess electricity generated by roof solar modules at a feed-in tariff.

Invigorative feed-in tariffs have been operating in Ukraine since 2009. In addition, companies involved in the construction of wind, solar, bio and hydropower stations enjoy tax benefits, when importing needed equipment.

Alternative energy in Ukraine has been developing more quickly than conventional energy over the past 18 months. As of early November 2012, the total number of companies operating power plants using alternative energy and selling it at the feed-in tariff grew to 69, and the number of such power plants rose to 119.