Russia approves subsidy program to boost renewable-energy output
Russia approved an incentive program to boost renewable-energy production, targeting almost 6 gigawatts of new capacity by 2020 and its first solar parks, Bloomberg reported Friday. The government on Thursday signed a decree that includes measures to support wind, photovoltaic and small hydropower projects across the country, Dmitry Babanskiy, a spokesman for the Energy Ministry, told Bloomberg. The measures will increase the proportion of renewable energy to 2.5% of power generation by 2020 from 0.8% now, he said.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.