Cooperation Agreement Renewable Energy

The agreement provides that the effective implementation of wind farm construction projects depends on the renewal of the renewable energy support programme by the Government of the Russian Federation for the period 2025-2035. The document was signed in absentia because of the coronavirus pandemic that has been widespread around the world. Caption: Jaakko Eskola, President and CEO of Wurtsil, and Ilkka Herlin, Chairman of Q Power`s Board of Directors, signed a cooperation agreement on 24 September to accelerate the development and commercialization of renewable fuels. Q Power is an innovative Finnish start-up that develops solutions for renewable energy. Q Power`s patented biomeanod technology produces biomethane from hydrogen and carbon dioxide. The company focuses on putting in place concrete solutions to combat climate change. Emissions and waste are raw materials that can be used to significantly increase sustainable biomethane production. The company was founded by Ilkka Herlin and Saara Kankaanrinta. Arman Kashkinbekov, "Our collaboration will enable developers, investors and scientists from Europe and Kazakhstan to jointly promote green projects and achieve our country`s goals of achieving 3% of renewable energy by 2020, 10% by 2030 and 50% by 2050, as envisaged by the concept of transforming Kazakhstan into a green economy." The possibility of statistical transmission was introduced in the Renewable Energy Directive (2009/28/EC), which allows EU Member States, in accordance with Article 6, to accept a statistical transfer of a certain amount of energy produced from renewable sources from one Member State to another. The continuation of these cooperation mechanisms is expected as part of the revision of the Post-2020 Renewable Energy Directive, proposed by the Commission. The transfers will not come into force until all the Member States participating in the transfer have informed the European Commission. In addition, the agreement helps the private sector to create partnerships in clean energy-related areas, through training and qualification and scientific research, which promotes direct and indirect employment opportunities in the sectors concerned.

We continue to invest 100% in the renewable energy sector in the future by providing seed capital to Soletair Power Oy Carbon Recycling International, who won the SparkUp Challenge for The Power-to-X start-ups Stefan Olander, CEO of Soltech, adding that cooperation is a step forward in helping all businesses and the public sector in the major problems related to the lack of network capacity. In the case of a statistical transfer, a quantity of renewable energy is deducted from the progress made by one country in achieving its objective and added to that of another country. This is an accounting procedure and no real energy changes ownership.