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Baker McKenzie Helps Goal Number Seven Launch International Renewable Energy Certificate System in Russia

Baker McKenzie Helps Goal Number Seven Launch International Renewable Energy Certificate System in Russia

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Baker McKenzie has advised the Goal Number Seven association on the launch of the international renewable energy certificates system in Russia. The firm provided its services on a pro bono basis.

Goal Number Seven is a non-profit organization authorized to issue I-RECs to Russian renewable energy producers. According to Baker McKenzie, “I-RECs are electronic documents certifying renewable power production and associated environmental attributes … [and their purpose is] to incentivize renewable power producers by creating additional cash flows for renewable projects and improving their financial feasibility.”

Baker McKenzie reported that, so far, 14 Russian energy producers have registered in the I-REC system.

The Baker McKenzie team included, in Chicago, Partner Stanislav Sirot, in St. Petersburg, Partner Maxim Kalinin and Associates Roman Ishmukhametov and Ekaterina Gladkikh, and in Moscow, Partner Marina Tokunova.

Russian Knowledge Partner

Founded in 1993, Egorov Puginsky Afanasiev & Partners is the leading full-service law firm in the CIS with offices in Russia, Ukraine and Belarus and associated offices in the UK, the USA and Cyprus.

We advise its clients in many areas of law, including: dispute resolution in Russia and abroad, corporate law, M&A, antitrust issues, project finance and PPP, restructurings and insolvencies, energy and natural resources, property management and privatization, environment, technical regulation and industrial safety, banking and finance, intellectual property, criminal law, real estate and construction, taxation, family and labour disputes, marine and transport law, and international trade and customs.

We combine high academic qualifications, internationally acknowledged moral and ethical values, senior partners' professional experience and practical abilities with the vigour and knowledge of younger attorneys that enables thus providing clients with reliable, first-class service according to both Russian and western standards through a flexible structure.

All News about, and Legal Analysis by, Egorov Puginsky Afanasiev & Partners can be found here.

Firm's website: www.epam.ru


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