A socially oriented non-financial development institution and a major organizer of nationwide and international conventions; exhibitions; and business, public, youth, sporting, and cultural events.

The Roscongress Foundation is a socially oriented non-financial development institution and a major organizer of nationwide and international conventions; exhibitions; and business, public, youth, sporting, and cultural events. It was established in pursuance of a decision by the President of the Russian Federation.

The Foundation was established in 2007 with the aim of facilitating the development of Russia’s economic potential, promoting its national interests, and strengthening the country’s image. One of the roles of the Foundation is to comprehensively evaluate, analyse, and cover issues on the Russian and global economic agendas. It also offers administrative services, provides promotional support for business projects and attracting investment, helps foster social entrepreneurship and charitable initiatives.

Each year, the Foundation’s events draw participants from 208 countries and territories, with more than 15,000 media representatives working on-site at Roscongress’ various venues. The Foundation benefits from analytical and professional expertise provided by 5,000 people working in Russia and abroad.

The Foundation works alongside various UN departments and other international organizations, and is building multi-format cooperation with 173 economic partners, including industrialists’ and entrepreneurs’ unions, financial, trade, and business associations from 78 countries worldwide, and 188 Russian public organizations, federal and legislative agencies, and federal subjects.

The Roscongress Foundation has Telegram channels in Russian t.me/Roscongress, English – t.me/RoscongressDirect, and Spanish t.me/RoscongressEsp. Official website and Information and Analytical System of the Roscongress Foundation: roscongress.org.

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Alexey Zhikharev

Alexey Zhikharev

Director, Russia Renewable Energy Development Association; Partner, Power Sector Practice, Vygon Consulting
Quotes
06.09.2022
EEF 2022
Green Energy in the Far East. Supplying Energy to Remote and Isolated Areas of the Region
If the plan... to modernize inefficient power generation is delineated, and specific [requirements related to – ed.] capacity parameters set out... I think we will automatically see a degree of localization in the manufacturing sector
06.09.2022
EEF 2022
Green Energy in the Far East. Supplying Energy to Remote and Isolated Areas of the Region
We need to fine-tune the support programme and set targets for each region. That way we won’t just have national-level targets for increasing the share of renewable energy... It’s important that these targets are reflected at the regional level. What’s more, we need the support programme’s competitive selection process to be compulsory [for the regions – ed.]. We are currently only seeing certain regions taking the initiative, and of course, that does not help with bringing investors here and developing the green energy sector
06.09.2022
EEF 2022
Green Energy in the Far East. Supplying Energy to Remote and Isolated Areas of the Region
Over the past seven years – i.e., since the federal support programme was put in place – only around 23 megawatts [of renewable energy capacity – ed.] has been implemented [in the Far East – ed.]. For as long as we are seeing insufficient activity in the regions, we need to draw additional attention to this aspect and help the regions attract investors using various additional mechanisms
14.10.2021
Russian Energy Week 2021
Russian Energy System and Climate Agenda: Evolution or Revolution
Banks also need to be more active. The new trends on the market are evident. Banks should also offer certain products for investors who are considering independent projects, of course. And for the micro-retail sector, [there should be] complex products and a package solution
14.10.2021
Russian Energy Week 2021
Russian Energy System and Climate Agenda: Evolution or Revolution
Compensation for investments in green energy and jumpstarting this process, including by the Central Bank and development institutions, and compensation for interest rates are important. So, we hope that the taxonomy that appeared in September will be followed by concrete measures to approve either a fund or other instruments that will enable banks to provide investors who are actively developing this industry with affordable financing. That’s why subsidizing the interest rate is a key issue,
14.10.2021
Russian Energy Week 2021
Russian Energy System and Climate Agenda: Evolution or Revolution
Banks are used to having a guaranteed instrument for return on investment. We can take a broader look here. There are opportunities for this. Apparently, there will be progress in this direction. Several years ago there were barriers. Banks didn’t understand what these projects were and how to finance them. And the technology itself was new to our banking sector. Now these problems have been rectified for leading banks. I hope everyone has already figured out the mechanism for how the investment is compensated. But the key problem remains the interest rate. It’s certainly at 6%. If you look at analogues on the US market, it’s 1% there, while in Europe there is a negative percentage overall in certain sectors
14.10.2021
Russian Energy Week 2021
Russian Energy System and Climate Agenda: Evolution or Revolution
Since the end of September, for the first time on the Russian market, electricity from a wind generator has cost less than the weighted average price of the wholesale market. The price has come down by more than 85% over ten years. So, of course, we view this indicator as a revolution and believe that it’s inevitable, among other things, to revise the long-term strategy. Our market has fixed prices that will ensure the development of low-carbon generation