KOTRA "Must Cooperate with Russia with Great Potential in Green Energy"... Report Published

[Asia Economy Reporter Jeong Hyunjin] KOTRA announced on the 12th that it has published a report titled "Russia's Green Energy Transition and Korea-Russia Cooperation Measures," emphasizing the need to cooperate with Russia, which has great potential in the green energy sector.

In this report, KOTRA analyzed Russia's green energy transition environment and strategy in the era of low-carbon green growth and proposed cooperation measures between Korea and Russia. Although Russia possesses world-class potential for renewable energy development, it lags behind global leaders such as China and the United States in renewable energy facility capacity and production, highlighting the need for cooperation.

Photo by KOTRA

KOTRA explained that many foreign companies are already closely monitoring changes in Russia's green energy market and expanding their entry to secure early market dominance. Italy's power company Enel has been actively investing in Russia's renewable energy sector since 2017, establishing "Enel Green Power Russia" and securing contracts to build three wind power plants, with construction underway.

This report includes content on Russia's energy cooperation environment, green energy transition and development directions, the status of major foreign companies' market entry, and cooperation measures with Korea.

Yoo Jung-yeol, President of KOTRA, stated, "Russia's green energy transition is still in its nascent stage and has very high growth potential going forward," adding, "The green energy sector will serve as an important axis in future economic cooperation between Korea and Russia."

KOTRA's report "Russia's Green Energy Transition and Korea-Russia Cooperation Measures" can be downloaded from the Overseas Market News website.

This content was produced with the assistance of AI translation services.