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Yakutian Investment Development Agency

Russia: Yakutia - First State with Renewable Energy Law

Submitted by Baerbel Epp on February 26, 2015
SakhaAs the Russian solar thermal market relies a great deal on imported components, some regions have devised local subsidy schemes to develop their own solar thermal supply chain, according to the country’s Ministry of Industry and Trade. The Republic of Sakha (Yakutia) at the far east of Russia is such a region: The federal state is almost as big as India, but has a population of fewer than 1 million, and the extremely harsh and dry climate results in average January temperatures of -28 to -47 °C. “We see great potential for solar thermal system suppliers in our region, which is we are trying to provide favourable conditions for the establishment of such companies,” Petr Shishigin, External Affairs Coordinator and Development Group Manager of the Yakutian Investment Development Agency, explains. Yakutia was also the first state of the Russian Federation to adopt a law on renewable energy.
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