Throughout 2019, the Russian renewable energy sector has focused on development prospects beyond 2024. The last volumes were tendered at the last competitive selection of investment projects under RES Capacity Supply Agreements; thus, the issue of the long-term fate of the sector has become even more acute. Now that a new technological cluster has been completely formed in Russia, which includes equipment production, new competencies in the construction and management of energy facilities based on renewable energy sources and, equally important, proprietary R&D, the issues of increasing market volume and project sizes have emerged full-scale. It would be hard, if not impossible, to ensure the long-term competitiveness of Russian equipment and competencies in foreign markets without a massive domestic market. Given the ratification by the Russian Federation of the Paris Agreement, which means a full commitment to dealing with the global climate challenge, green energy is garnering increasingly important status.
A landmark decision to continue the renewable energy incentive programme until 2035, with a corresponding increase in input volumes, was made in September this year.
What are the new governmental requirements for projects implemented under the new support programme, and how will the goals be delivered? How to attract new investors to the sector and what role will the new requirements for local content in equipment play? When will renewable energy be able to occupy a significant share in the Russian power generation structure and confirm the hypothesis of the national economy gradually joining the global decarbonisation process and the energy revolution?
You will find answers to these and other questions at the 8th Vedomosti conference, The Future of Renewable Energy in Russia.
10:00 am – 12:00 pm Session 1. Current state of the renewable energy sector and its readiness to achieve new goals
- Which power generation technologies will ensure long-term economic growth? Areas of focus when developing the Energy Strategy 2035
- The role of consumers in the development of renewable energy: Reasons for the increasing interest in 'green' kilowatts
- What is the role of RES in the implementation of the Paris Agreement?
- Will renewable energy technologies be able to seriously change the landscape of the Russian power economy by 2035?
12:00 pm – 12:30 pm Coffee break.
12:30 pm – 2:00 pm Session 2. The role of localization of production of high-tech renewable energy products in the transformation of Russian exports
- How will the new support parameters affect manufacturers? What are the potential pitfalls?
- What government export promotion measures will be available to investors?
- The role of development institutions and international financial institutions in the development of foreign economic relations.
- What equipment will be produced in Russia in the near future? What might prevent new players from entering the market?
1:30 pm – 2:30 pm Lunch break
2:30 pm – 4:00 pm Session 3. RES investment projects as a fixed income financial instrument
- When will the renewable energy sector in Russia reach the peak of M&A transactions?
- How to ensure refinancing sources for investment portfolios? Can securitisation play a key role?
- Who will create major demand for renewable energy projects in the near future? The role of investment and pension funds.
- What yield should institutional and portfolio investors expect? Possibilities for the additional monetisation of renewable energy projects.
4:00 pm – 4:30 pm Coffee break.
4:30 p.m. – 6:00 p.m. Session 4. Education and Personnel Training for Renewable Energy
Renewable energy development is an employment growth driver all over the world. Every year, about 1 million jobs are created in the renewable energy sources (RES) sector*. According to different estimates, the current programme of RES Capacity Delivery Agreements will create up to 12 thousand jobs in Russia. The growing RES sector in Russia needs new skilled personnel – the demand for them will rise in the mid-term perspective.
- The labour market structure in the RES sector and the need for specialists. Is there a deficit of skilled personnel today? What competences are most in demand in the market?
- University programmes in renewable energy. Do they solve the issue of personnel training for the industry? What educational facilities and equipment are necessary for an effective educational process? Will the implementation of joint educational programmes with foreign higher educational establishments help the sector?
- Corporate education and professional development programmes. How are companies meeting their needs today?
- Education standardisation for the RES sector. Does the existing system need to be changed?
*IRENA, Renewable Energy and Jobs Annual Review 2019: https://irena.org/-/media/Files/IRENA/Agency/Publi...
6:00 pm – 7:00 pm Cocktail reception