Anatoly Chubais Elected President of the Association for the Development of Renewable Energy

12 December 2018

The Association for the Development of Renewable Energy (ADRE), a non-commercial organisation, has announced that it has commenced operations. The Association’s members include the leading five companies in the sector: RUSNANO Management Company, Vestas, the Hevel Group, Solar Systems and the Austrian-Russian consortium of companies including Vershina Development, Core Value Capital GmbH and Green Source Consulting GmbH. The participants have voted to elect Anatoly Chubais, the Chairman of the Executive Board of RUSNANO Management Company, as the President of the Association. Kirill Komarov, the Rosatom Group’s First Deputy Director General for Corporate Development and International Business, will be the Vice President of the Association.

Press conference on the foundation of the ADRE

Press conference on the foundation of the ADRE

Other companies interested in becoming members of the Association, once the required corporate approvals have been obtained, include Fortum, Enel Russia, Rosatom, Severstal, and EvroSibEnergo. Entities which have been invited to participate in the work of the Association include organisations carrying out projects in the area of renewable energy, especially generating companies, as well as developers of renewable energy source (RES) generation projects, manufacturers of equipment and developers of digital solutions, and engineering and financial organisations. Scientific research and educational foundations have also been invited to participate in the work of the Association.

The main goals of the ADRE include cooperation to attract investment, the acquisition of knowhow in advanced technologies, increasing the localisation of the manufacture of the main equipment, and popularising the use of renewable energy sources in Russia.

The Association plans to develop join strategic policies, play an active role in discussions on amendments to legislation, and in other initiatives that relate to the development of the renewable energy sector. The Association will represent the interests of its members and be involved in the process of determining government policy in the area of RES, and also work together with infrastructure organisations in the energy sector to ensure that it is represented on the management bodies of infrastructure organisations.

The ADRE will start its activities by drawing up a consolidated position, developing a support mechanism for RES in the RF for the period from 2024 onwards, and preparing the relevant draft legislation.

Additional information

Reference

RUSNANO Joint-Stock Company was founded in March 2011 through reorganization of state corporation Russian Corporation of Nanotechnologies. JSC RUSNANO contributes to implementation of the state policy on the development of the nanotechnology industry by investing directly and through investment funds of nanotechnology in financially effective high-technology projects providing the development of new production facilities in the Russian Federation. Its primary investment focus is in electronics, optoelectronics and telecommunications, healthcare and biotechnology, metallurgy and metalwork, energy, mechanical engineering and instrument making, construction and industrial materials, chemicals and petrochemicals. 100 percent of RUSNANO’s shares are state owned. Thanks to RUSNANO’s investments, there are currently 97 factories and R&D Centers opened in 37 regions in Russia. JSC RUSNANO has profit for the last 4 years.

Management of assets of RUSNANO JSC is carried out by Limited Liability Company established in December 2013, RUSNANO Management Company. Anatoly Chubais is the Chairman of its Executive Board.

Work to establish nanotechnology infrastructure and carry out educational programs is fulfilled by RUSNANO’s Fund for Infrastructure and Educational Programs, which was also established during the reorganization of the Russian Corporation of Nanotechnologies.