Implementation of Government Policy and International Economic Cooperation in the Renewable Energy Sector of the Republic of Sakha (Yakutia)

Abstract The research analyzes the specifics of implementing regional programs to underpin the development of renewable energy sources in the Republic of Sakha (Yakutia) and the experience of foreign economic cooperation in this field. The law of the Republic of Sakha (Yakutia) on renewable energy sources is considered. The analysis of the directions of state support provided to energy producers on the basis of renewable energy sources in accordance with the above-mentioned law was performed. Also the economic evaluation of generating facilities for renewable energy was carried out. A scheme for the state authorities’ competence of the Republic of Sakha (Yakutia) in the renewable energy sector has been developed, as well as a scheme of supporting measures likely to increase the investment activity of energy efficiency projects in the field of renewable energy. A conclusion is made on the progressive development of the renewable energy sector in the region and increasing the energy security of small settlements in the decentralized energy supply sector.