BMI View: News that the Russian government has approved an incentive programme for renewable energy comes as a major boost for the industry, whose with growth potential having been limited by a lack of government support and conviction. Although this move should encourage much-needed investment into the sector, we have not altered our forecasts as we are waiting to see for further progress in the industry and want to examine how exactly renewable energy projects will be supported. The degree, signed by Prime Minister Dmitry Medvedev, paves the way for RUB85bn (US$2.7bn) of funding to be released, with renewable electricity …
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