The Russia Renewable Energy Development Association (RREDA) and the Asian Photovoltaic Industry Association signed a Memorandum of Cooperation and Partnership
November 27, 2019: The Russia Renewable Energy Development Association (RREDA), which represents the interests of the largest companies in the RES sector in Russia and is engaged in stimulating investment and promoting the use of renewable energy in the Russian Federation, and the Asian Photovoltaic Industry Association signed a Memorandum of Cooperation and Partnership.
The Asian Photovoltaic Industry Association is the largest industry association in Asia. Its efforts are focused on the development of solar energy projects at the national and global levels, and it promotes innovation and technology development in the region.
The memorandum was signed by RREDA Co-Chairman Anatoly Chubais and Chairman of the Asian Photovoltaic Industry Association Gongshan Zhu in Suzhou.
Within the framework of the document, the professional associations are planning to establish partnership relations for long-term, effective and mutually beneficial cooperation in the field of international renewable energy market development. First of all, the memorandum is designed to strengthen cooperation in the production and use of renewable energy in Russia and Asia. The organizations are interested in increasing social activity and responsibility in the field of RES, and in forming a positive assessment of the prospects for RES development in the world in society. The associations will also provide counselling in the promotion and implementation of joint projects in their regions.
The Russia Renewable Energy Development Association (RREDA) is a professional association established on the initiative of the largest companies in the renewable energy sector of the Russian Federation. The Association already includes major players in the Russian renewable energy industry: Management Company RUSNANO, NovaVind (Rosatom Group), LLC Avelar Solar Technology (Hevel Group), Solar Systems LLC, Vestas Rus LLC, Vershina Development LLC, LLC WRS Towers, PAO Fortum, PJSC Enel Russia, PJSC TGC-1, PJSC Severstal and other market participants.
The main objectives of the RREDA are work to extend the measures of state support for RES for the period of 2025-2035; improvement of the regulatory framework in the field of construction of RES facilities; information support of the participants’ activities, as well as expansion of technological cooperation in order to increase the depth of localization of RES equipment.
One of the priority areas of the RREDA’s work is the formation of a favourable investment climate, including through the creation of an effective system of RES sector regulation, the development of mechanisms for financing RES investment projects and the creation of financial instruments that expand opportunities for attracting capital. The activities of the Russia Renewable Energy Development Association allow presenting a consolidated vision of the future development of the renewable energy industry in a dialogue with government authorities and the industry community.
Asian Photovoltaic Industry Association (APVIA) is a non-profit organization consisted of PV enterprises, scientific & research institutes and other relevant industrial organizations in Asian countries and regions under the principle of voluntary enrollment. Since its official launch held in Singapore in 2011, APVIA has devoted itself to promoting the development of PV industry worldwide, especially in Asia, including China, India, as well as those fast-growing solar markets in Southeast and West Asia. APVIA has attracted industrial associations, research institutes, PV companies from different countries and regions in Asia, such as China (including Taiwan and Hong Kong), Japan, India, Korea, Australia, Singapore, Malaysia, Philippines, Turkey, Saudi Arab, Israel, etc.
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