RUSNANO and Eurasian Development Bank (EDB) to start work in spheres of green hydrogen, alternative energy and high tech in Eurasian Economic Union (EAEU).
RUSNANO and the Eurasian Development Bank (EDB or the Bank) are to start collaborating on the implementation of projects in the green hydrogen, renewable energy and high tech sectors in the Eurasian Economic Union (EAEU).
The agreement to this effect was signed at the St. Petersburg International Economic Forum by Sergey Kulikov, Chairman of the Executive Board at RUSNANO MC (Management Company), and Nikolai Podguzov, Chairman of the Management Board at EDB.
The aim of the accord is to enable EDB to finance a new alternative energy fund being established by RUSNANO with the aim of providing funding for the renewable energy sector. It is expected that this organization will make investments not only in the Russian Federation but also Kazakhstan and other EAEU nations.
In addition, the two sides agreed on the terms and conditions under which the Bank is to finance RUSNANO projects aimed at promoting the development of high-tech companies.
Sergey Kulikov, Chairman of the Executive Board at RUSNANO MC.
By implementing joint alternative energy projects with the EDB we will be able to create significant potential for enhancing the technology environment and establishing projects to reduce the carbon footprint that would be attractive to investors.
“As a development institution with vast experience of implementing innovation projects we will be in a position to offer unique expertise for companies in the EAEU.”
Nikolay Podguzov, Chairman of the Management Board at EDB.
The Eurasian Development Bank has formally agreed to consider becoming involved in financing the RUNSANO alternative energy fund and its projects, including the company’s initiatives in the green hydrogen sector.
“The agreement is another step by the EDB on the path towards ‘going green’ that both of our nations are on. I would like to remind you all that we own a stake in Green Finance Centre Ltd. of Astana International Financial Centre (AIFC), an organization focused on attracting green finance projects and promoting the use of green financing instruments in the Central Asian region.”
“The document signed will enable us to start discussions about ample opportunities that the EDB can provide in order to implement cutting edge environmentally-friendly projects in member states of the Bank,”
RUSNANO and Eurasian Development Bank (EDB) to start work in spheres of green hydrogen, alternative energy and high tech in Eurasian Economic Union (EAEU), June 3, 2021
