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Baker McKenzie Helps Goal Number Seven Launch International Renewable Energy Certificate System in Russia

Baker McKenzie Helps Goal Number Seven Launch International Renewable Energy Certificate System in Russia

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Baker McKenzie has advised the Goal Number Seven association on the launch of the international renewable energy certificates system in Russia. The firm provided its services on a pro bono basis.

Goal Number Seven is a non-profit organization authorized to issue I-RECs to Russian renewable energy producers. According to Baker McKenzie, “I-RECs are electronic documents certifying renewable power production and associated environmental attributes … [and their purpose is] to incentivize renewable power producers by creating additional cash flows for renewable projects and improving their financial feasibility.”

Baker McKenzie reported that, so far, 14 Russian energy producers have registered in the I-REC system.

The Baker McKenzie team included, in Chicago, Partner Stanislav Sirot, in St. Petersburg, Partner Maxim Kalinin and Associates Roman Ishmukhametov and Ekaterina Gladkikh, and in Moscow, Partner Marina Tokunova.

Baker McKenzie at a Glance

Baker McKenzie brings insight and foresight to clients across more than 70 global offices. Our team of 13,000 people, including over 6,500 lawyers, works alongside our clients to drive growth that is both sustainable – and inclusive. The global business community is more interconnected than ever before. Opportunities and risks spill across different markets, sectors and areas of law, so a connected perspective is essential in delivering business objectives while mitigating risk. Our integrated client solutions provide seamless advice, underpinned by deep practice and sector expertise, as well as first-rate local market knowledge.

In the Central and Eastern European (CEE) region, Baker McKenzie's expansion remains steadfast, with a thriving team of over legal professionals. Our footprint extends across six offices in Austria, the Czech Republic, Hungary, Poland, Türkiye, and Ukraine. As part of our global network, coupled with well-established partnerships throughout the entire CEE landscape, we proudly stand as one of the foremost international law firms in this dynamic territory. Our reputation as a premier business law firm in CEE is a testament to our extensive experience in advising on a multitude of prestigious projects and nurturing enduring client relationships.

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