11/19/2021 | Press release | Distributed by Public on 11/19/2021 03:59
Sber has acquired 161,000 International RECs (I-RECs) that document that the energy consumed comes from renewable energy sources. Clean energy will be used to support the operations of the largest offices of the bank's HQ with an annual consumption of 161 million kWh. The supply of green electricity will allow Sber to reduce CO2 emissions by 64,000 metric tons per year.
In its energy management, Sber uses various mechanisms for green electricity supply, in particular: green certificates and bilateral free trade agreements on the wholesale electricity and capacity market (WECM). In the medium term, the bank plans to completely convert to renewable energy sources. In addition, Sber is actively involved in the development of a national green certification system.
Stanislav Kuznetsov, deputy chairman of the executive board, Sberbank:
"Sber's conversion to renewable energy sources in all parts of Russia is a priority, as it is one of the steps toward achieving carbon neutrality by 2030. We will systematically increase the volume of green energy purchased, continue to improve energy efficiency through wide-scale introduction of energy-saving technology, minimize our own carbon footprint, and assist our clients and partners in similar ESG initiatives. Regarding the circulation of green certificates, December will mark a year since the first transaction of this kind on Sber's blockchain platform. Since then, with the participation of the Bank, approximately 500,000 I-RECs have been sold."
TGC-1, a Gazprom Energoholding Group company, is the leading producer of electricity and heat in the northwest of Russia. It operates 52 power plants in four regions: St. Petersburg, the Republic of Karelia, Leningrad Region, and Murmansk Region. In comparison with other power generation companies in Russia, TGC-1 has a unique production asset structure: 40% of its installed capacity comes from hydropower (40 hydropower plants with a total capacity of about 3,000 MW).AltEnergo is a Russian company that specializes in the implementation of innovative projects in alternative energy. It tests, implements, and promotes the latest technology in the renewable energy sector. Founded in 2009, AltEnergo has implemented the following renewable energy projects in Belgorod Region: solar panels, wind turbines (Yakovlevsky District), and a biogas plant (Luchki, Prokhorovsky District).