Russian green energy: high ambition, low interest

The country’s government intends to invest big sums in the development of renewable power, but investor interest remains cool.
Wed, 12/02/2015 - 15:29 By Atle Staalesen, The Independent Barents Observer

Speaking in a recent conference, Minister Aleksandr Novak confirmed that the Russian government is ready to invest $53 billion in renewable energy generation by year 2035. According to the minister, a set of measures aimed at boosting the role of green energy are in the pipeline, the Independent Barents Observer reports with reference to Vedomosti.

The measures follow up a federal green energy programme from 2013, a programme which includes an ambition to build new 6 GW generation capacities by year year 2020. However, the country is lagging far behind ambitions, and new green generation remains low. By 2015, agreements on new wind power generation include only 156 MW capacities.

However, within hydropower Russian alternative energy capacities continue to show strength.

Figures from Patchwork Barents illustrate that company TGC-1, the leading generator in Northwest Russia, alone generated a total of 6,14 GWh in Murmansk Oblast in 2013, and another was 2,49 GWh in neighboring Republic of Karelia. 

The TGC-1 operates 40 hydropower generation units, among which 19 are located north of the Arctic Circle in Murmansk Oblast.

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