The RES segment is steadily attracting more attention in Russia and becoming its own kind of a record holder for news headlines in the Russian power industry.
After 2017, when major discrepancies in the legal framework regulating this segment were resolved and project risks were reduced, new records have been set in 2018 on the selection of RES investment projects. For the first time ever, competition was so serious that players are reducing their price bids by more than 50% of threshold limit values. Planned target figures for capital investments have fallen below the global level. In both wind and solar generation projects, the level of capital investments fell below RUB 60 thousand for 1 kilowatt, or below USD 1 thousand. This sharp reduction in project costs was driven by the active consolidation of projects for the localisation of equipment production to provide stable production volumes for the production facilities currently under construction.

This year, projects with a total capacity of over 1 gigawatt have been selected, thus exhausting the potential of the support programme by 95% five years before its official completion. The main question this «new» industry is facing sounds like: «will the support measures be prolonged after 2024?» It is crucial for the industry to have additional megawatts for the more efficient and steady competitiveness of Russian equipment, and to ensure export potential.

What criteria of the new RES support programme will help the industry achieve its target figures? How can we maintain the investment attractiveness of RES generation construction projects and projects for the localisation of equipment production? What role will RES generation play in the modernisation of Russia's UPS currently being planned?
Learn the answer to these questions and more at the 7th Vedomosti conference, The Future of Renewable Energy in Russia.


09:30 – 10:00. Participant registration

10:00 – 12:00. Session 1. Extension of the RES support programme through 2035: maintaining a balance of interests

Vasily Zubakin, Head of the Department for Coordination of Energy Sales and Operational Activity at LUKOIL

Topics for discussion
  • Opinions of industry regulators on the current results of the support programme: have its tasks been fulfilled?
  • Is there a place for the renewable power sector in the modernisation of the Russian power economy?
  • Can «green» equipment become a driver for economic development?
  • Should we expect GPD growth, and who will pay for it – the state budget or consumers?
  • Is there still room for new foreign investors in the sector?
Oleg Barkin, Deputy Chairman of the Board, NP Market Council Association
Anatoly Chubais, Chairman of the Management Board of Management Company RUSNANO
Alexander Chuvaev, Executive Vice President, Head of the Russia Division, Fortum Corporation
Alexander Korchagin, General Director, NovaWind
Vyacheslav Kravchenko, Deputy Minister, Ministry of Energy of the Russian Federation
Mikhail Lisyansky, Chairman of the Board of Directors, Solar Systems
Carlo Palasciano Villamagna, General Director, Enel Russia
Alexander Starchenko, Chairman of the Supervisory Board, Energy Consumers Association
Igor Shahray, CEO, Hevel

12:00 – 12:30. Coffee break

12:30 – 14:00. Session 2. Localisation of equipment production for RES generating facilities: current results

Alexey Zhikharev, Partner, Power Sector Practice, VYGON Consulting

Topics for discussion
  • What stops companies from investing in production localisation from integrating their projects more actively into global equipment supply systems?
  • How do we fulfill the export potential of Russian RES equipment and stay competitive?
  • What jurisdictions should Russian manufacturers make stakes on: where should we expect demand?
  • Can sanctions stop Russian manufactures from occupying a decent place on the world stage?
Speakers at the session
Victor Garbev, Sales Director for Eastern Europe, Siemens Gamesa
Alisher Kalanov, Head of Unit for Development of Prospective Projects in the Fuel and Energy Complex, Management Company RUSNANO
Mikhail Molchanov, General Director, Solar Systems
Igor Shahray, CEO, Hevel
Kimal Yusupov, Managing Director, Vestas Rus, Vestas Manufacturing

14:00 – 15:00. Lunch break

15:00 – 16:30. Session 3. Technology to help make RES cheaper: total digitalisation and the new energy culture

Digital technologies are making their way into our daily lives and business processes by leaps and bounds. Annual global investments in the digital transformation of energy system has reached USD 50 billion. Over 30% of expenses are determined by paces of introducing RES generation, and this segment is set to expand along with an increase in green generation volume.

Andrey Kulakov, Founder, Association «Goal Number Seven»

Topics for discussion
  • Energy storage systems: what are the breakthrough technologies?
  • How are AI technologies and blockchain making green energy cheaper?
  • The role and place of the finance sector in investment development: banks or technological platforms?
  • How do we provide a place for new technologies in the Russian power sector's new investment cycle?
Speakers at the session
Tatiana Mitrova, Director, Skolkovo Energy Centre
Alexey Zhikharev, Partner, Power Sector Practice, VYGON Consulting

16:30 – 18:00. Cocktail reception