RDIF, Russia’s sovereign wealth fund, Bpifrance, France’s sovereign wealth fund, and Schneider Electric, the leader in digital transformation of energy management and automation have agreed on the main terms of a joint investment in energy-efficiency segment.

1. RDIF, Bpifrance and Schneider Electric to jointly invest in energy-efficiency
project
Saint-Petersburg, June 7, 2019 - The Russian Direct Investment Fund (RDIF),
Russia’s sovereign wealth fund, Bpifrance, France’s sovereign wealth fund, and
Schneider Electric, the leader in digital transformation of energy management and
automation have agreed on the main terms of a joint investment in energy-
efficiency segment. The agreement was signed during the St. Petersburg
International Economic Forum.
The parties consider up to €40 m investment in a joint venture (JV) that will be
supplying energy-efficiency solutions to Russian companies.
The project’s business model does not require any investment or additional costs
from potential clients. The pay-back of the joint venture investment will be
achieved exclusively out of the additional profit generated by cost savings from
the energy-efficiency technologies implementation.
Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), said:
“Russian market for energy-efficiency services provides favorable conditions for
RDIF and partners to invest. Energy-efficient products and technologies are
widely needed, so I’m sure we will be able to significantly contribute to the
development of this segment and lay a solid foundation for more joint projects. ”
Nicolas Dufourcq, CEO of Bpifrance, said :
“We are proud to support Schneider Electric, one of the most successful French
company in the area of energy management with a strong track record worldwide.
Energy-efficiency market potential is significant in Russia and it will allow our
partnership to realize successful investments, leveraging on Schneider’s 40-year
experience in Russia. Moreover, the investment would be made in the context of
the strategic partnership developed between RDIF and Bpifrance through which
we invest both in Russia and in France and which has reached a new dimension
over the last few months.”
Emmanuel Babeau, Deputy CEO and CFO of Schneider Electric, commented:
“The untapped energy efficiency potential in key sectors of the economy starts
from 30%. Our experience in the implementation of projects in the field of energy
saving allows us to guarantee the achievement of results within the framework of
an energy performance contract. Cooperation with RDIF and Bpifrance will make

2. it easier for Russian companies to access financing for such projects, that increase
product competitiveness on global markets”.
***
Russian Direct Investment Fund (RDIF) is Russia's sovereign wealth fund
established in 2011 to make equity co-investments, primarily in Russia, alongside
reputable international financial and strategic investors. RDIF acts as a catalyst for
direct investment in the Russian economy. RDIF’s management company is based
in Moscow. Currently, RDIF has experience of the successful joint
implementation of more than 70 projects with foreign partners totaling more than
RUB1.5tn and covering 95% of the regions of the Russian Federation. RDIF
portfolio companies employ more than 800,000 people, and generate revenues
which equate to more than 6% of Russia’s GDP. RDIF established joint strategic
partnerships with leading international co-investors from more than 15 countries
that total more than $40bn. Further information can be found at www.rdif.ru
Bpifrance is the French sovereign fund and national investment bank: it finances
businesses – at every stage of their development – through loans, guarantees,
equity investments and export insurances. Bpifrance also provides extra-financial
services, such as training, consultancy to help entrepreneurs meet their challenges.
Further information can be found at: www.bpifrance.fr
Schneider Electric is leading the Digital Transformation of Energy Management
and Automation in Homes, Buildings, Data Centers, Infrastructure and Industries.
With global presence in over 100 countries, Schneider is the undisputable leader in
Power Management – Medium Voltage, Low Voltage and Secure Power, and in
Automation Systems. We provide integrated efficiency solutions, combining
energy, automation and software. In our global Ecosystem, we collaborate with
the largest Partner, Integrator and Developer Community on our Open Platform to
deliver real-time control and operational efficiency.We believe that great people
and partners make Schneider a great company and that our commitment to
Innovation, Diversity and Sustainability ensures that Life Is On everywhere, for
everyone and at every moment. Further information can be found at :
www.schneider-electric.com

3. For additional information contact:
Arseniy Palagin Maria Shiryaevskaya/ Andrew Leach
Russian Direct Investment Fund Hudson Sandler
Press Secretary Tel: +44 (0) 20 7796 4133
Tel: +7 495 644 34 14, ext. 2395
Mobile: +7 916 110 31 41
E-mail:arseniy.palagin@rdif.ru
Bpifrance Schneider Electric
NathaliePolice VéroniqueRoquet Montégon
Tel: +33 (1)41 79 95 26 Tel : +33 (1)41 29 70 76
Nathalie.police@bpifrance.fr veronique.roquet-montegon@se.com