NewEnergyNews: Russia Crawls Ahead On New Energy

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    Friday, December 07, 2018

    Russia Crawls Ahead On New Energy

    Is Russia finally ready to embrace renewable energy?

    Chris Lo, 5 December 2018 (Power Technology)

    “…As a country that plays host to the world’s largest natural gas reserves and the second-largest reserves of thermal coal, it comes as little surprise that Russia has largely sat out the global renewable energy transition. Despite the country’s massive potential in wind and solar resources and the virtually limitless land available for development, the ready availability of oil, gas and coal – not to mention the immense political clout of state-owned hydrocarbons companies such as Gazprom and Rosneft – has suppressed clean energy development in the Russian market, with the notable exception of hydropower...Nevertheless, in recent years there has been increasing acknowledgement of the need to transition…President Vladimir Putin described renewable energy resources (RES) as “the proper path” for global energy development…

    …[Excluding hydroelectric power,] renewable energy claims a mere 3.6% share of the country energy mix…[The government’s official energy policy document up to 2035 plans for] only 4.9% by 2030…The foundation for the growth of RES deployment in Russia is Decree 449, passed in 2013, which created a legal framework to establish a renewable energy capacity system in the country…Just over 2GW of renewable capacity was awarded in the tenders between 2013 and 2016, while the 2017 auction saw a total of 2.2GW across wind, solar and small hydro awarded…1.08GW of capacity [was allocated in June] between 39 projects…A recurring issue being encountered by foreign developers…[A report from the International Renewable Energy Agency, endorsed by the Russian government, found a $15bn a year in investment between 2010 and 2030 could increase Russia’s] projected share of renewables from 4.9% to 11.3% of total final energy consumption by 2030…” click here for more

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