RusHydro and Polyus Sign Agreement for Supply of Environmentally Clean Electricity

Russian hydro-generating company RusHydro and gold mining company Polyus have signed an agreement for the supply of environmentally clean electricity. As a result of this deal, Polyus will be able to source 100% of its electricity consumption from low-carbon generation sources by 2025. This transaction serves as a concrete example of major Russian industrial companies transitioning to the use of renewable energy, which reduces their carbon footprint and aligns with global decarbonization trends. The collaboration between the energy giant and a major consumer from the extractive sector demonstrates the development of the green energy market in Russia.