Russia has abundance of all renewable energy sources which can be scaled up to fuel economic growth. The country can quadruple share of renewable energy sources by 2030.
Russia can increase the share of renewables in its energy mix from roughly 3 per cent today to more than 11 per cent by 2030, according to new findings by the International Renewable Energy Agency (Irena). The growth in renewable energy use would represent nearly a fourfold increase in the share of renewables between 2014 and 2030. Renewable Energy Prospects for the Russian Federation, was recently presented to high-level stakeholders at a meeting in Moscow, between the Ministry of Energy of the Russian Federation and Irena.
“The global energy transition is underway, with this study we have a better understanding of Russia’s renewable energy potential, what benefits it could bring, and what can be done to make this a reality,” said Irena Director-General Adnan Z. Amin. “Russia has had a long history of leadership in the energy sector – and now has the opportunity to extend that leadership into renewable energy.”
Russia has significant potential of all renewable energy sources, with large hydropower and bioenergy being the main sources of renewables in the country’s energy system today. By the end of 2015, total installed renewable power generation capacity reached 53.5 gigawatts (GW), representing about 20 per cent of the country’s total capacity, the majority of which lies in large hydropower.
“Further developing Russia’s rich and diverse renewable energy resources can significantly contribute to the country’s economic objectives such as economic growth and employment, diversify the energy mix, improve energy security and reduce energy supply costs in remote regions,” Mr. Amin added.
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