Russia Renewable Energy

completed

The five-year project provides support for the development of renewable energy (RE) in the Russian Federation. Specifically, the project 1) supports the development of the regulatory and legal environment, addressing key issues, in particular the incentive frameworks for renewable electricity; 2) supports capacity building and removal of barriers related to market infrastructure for various RE technologies and their applicability in selected regions of Russia; and 3) increases RE financing, addressing availability of financial products needed by RE developers and investors, such as long-term financing, and the requirements to enable these products to be offered on the market to independent power producers and other investors/developers. The objective is to reduce greenhouse gas emissions on a continual basis by overcoming barriers to the development of RE in Russia, including unlocking opportunities for private sector financing.