Project Description
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.