«ТГК-1» заключила первую сделку по продаже «зеленых» сертификатов на блокчейн-платформе Сбера

19 May 2021 года

TGC-1 PJSC has closed a major deal to sell green I-RECs on Sber’s blockchain platform. The certificates are issued for enterprises of PJSC Polyus to certify that electricity is generated from renewable energy sources.

TGC-1 PJSC has closed a major deal to sell green I-RECs on Sber’s blockchain platform. The certificates are issued for enterprises of PJSC Polyus to certify that electricity is generated from renewable energy sources.

This is an inaugural I-REC sales transaction of TGC-1 PJSC, but it is very important given that the company's hydropower plants generate 12 to 13 billion kW⋅h of electricity every year.

Green certificates are created and introduced by I-REC Standard Foundation, being a non-profit organization, and are issued by accredited agencies in 35 countries around the globe. 

Vadim Vederchik, Managing Director TGC-1 PJSC:

“TGC-1’s generating assets include both CHPPs and HPPs, which makes it possible for us to effectively combine their advantages. Electricity generated at the hydroelectric power plants without CO2 emissions enables our partners to implement the sustainable development strategy, i.e., to decarbonize the production, ensure compliance with environmental standards and minimize the risk of carbon tax that may be levied on their exports to Europe.”

Pavel Grachev, CEO of PJSC Polyus:

“Polyus is growing into the world’s top gold producer, which is able to cover its needs entirely due to renewable energy sources. This is a crucial step for our company, and we hope that other market players, both in Russia and abroad, will do likewise. The transition to renewable energy sources is key in the transformation of the global economy with a view to preventing climate change, and the success of this transformation is in everyone’s long-term interests,” he said.

Alexander Vedyakhin, First Deputy Chairman of the Executive Board, Sberbank:

“This deal between Polyus and TGC-1 proves that the use of green certificates for making consumed energy green is a convenient and popular present-day tool. It contributes to developing renewable energy sources, and Sber, in turn, is going to be a guide for companies to shift to sustainable production and mitigate their negative impacts on the environment. We are preparing for further arrangements with some major customers to replicate the product in the future. By implementing such green solutions, we do contribute to the ESG transformation of the Russian economy.” 

For reference:

TGC-1 PJSC (part of Gazprom Energoholding Group) is the leading producer and supplier of electricity and heat power in the North-West of Russia. TGC-1 comprises 52 power plants across four constituent entities of the Russian Federation, such as Saint Petersburg, the Republic of Karelia, Leningrad and Murmansk Oblasts, including 40 HPPs with a total capacity of about 2,900 MW.

PJSC Polyus is the biggest gold producer in Russia. It holds the world’s third largest gold reserves, with its P&P ore reserves in accordance with the international classification totaling 61 million ounces. Its principal operations are located in the Krasnoyarsk Krai, Irkutsk Oblast, Magadan Oblast, and Republic of Sakha (Yakutia) and include five operating mines, alluvial operations and some advanced development projects.

Sberbank PJSC is a top bank in Russia and one of global financial leaders. Accounting for approx. a third of the assets in Russia’s banking sector as a whole, it is a key lender for the national economy and dominates in the deposit market. The main shareholder of Sberbank PJSC is the Russian Federation represented by the Ministry of Finance, which owns 50% plus one voting share in its authorized capital, with the remaining 50% minus one voting share held by Russian and international investors. It serves clients in 18 countries and runs a wide branch network across Russia, including around 14,000 service points. The bank's international network consists of subsidiaries, branches and representative offices in the UK, USA, CIS, CEE, India, China, etc. General Banking License No. 1481 dated August 11, 2015, issued by the Bank of Russia. The bank’s official websites are accessible at www.sberbank.com (the website of Sberbank Group) and www.sberbank.ru.

Sberbank launched a rebrand in 2020 to offer B2C / B2B  financial and non-financial services rendered by the bank and the companies within Sberbank Group. Today, Sber Ecosystem provides a lot of services for life and daily assistance to both private clients and businesses in addressing their pressing issues. The website of Sber Ecosystem is accessible at www.sber.ru.