The Russian authorities will economize on the green energy generation support program from 2025 to 2035. Its funding will be cut by 22 percent, from 400 billion rubles to 313 billion in prices of 2021. The decision was made at a meeting with the participation of Deputy Prime Ministers Novak and Borisov, according to Kommersant.

The reason for this was the government’s desire to restrain the rise in electricity prices within inflation, so as not to harm the national economy. Fears that the rejection of the development of renewable energy sources (RES) in the future will lead to serious problems with exports were not taken into account.

Discussions on the reasonableness of supporting alternative energy began last year. The Ministry of Economic Development wanted to cut the program in half, the Ministry of Energy spoke about depriving it of a third of the planned expenditures, and the Ministry of Industrial Trade required the existing parameters to be left. As a result, a compromise decision was made.