Renewable Energy

Russia: Abundance of renewable energy source

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Under Russia’s current energy strategy the share of renewable energy will reach 4.9 per cent by 2030, falling short of its potential of more than 11.3 per cent, by Irena’s estimates. According to the new working paper, the power sector is estimated to have the highest renewable energy share, at about 30 per cent in 2030 — split into 20 per cent for hydropower and 10 per cent for wind, solar photovoltaic (PV) and geothermal power.

Accelerating renewable energy technologies

In addition to hydropower and bioenergy, Russia has already taken steps to accelerate deployment of other renewable energy technologies. The country’s current renewable energy policy focuses on accelerating the deployment of wind and solar PV, and in 2016, approximately 70 megawatts of new renewable energy capacity was introduced.

To implement the study’s recommendations, an annual investment of approximately USD 15 billion per year between 2015 and 2050 is required, but Irena shows that the benefits can exceed costs when externalities related to human health and climate change are considered. Renewables identified under REmap can save up to USD 8 billion per year by 2030, and additional benefits could include potentially exporting wind and hydropower to Asia, and biofuels to Europe — according to current estimates Russia has the largest wind potential in the world.

Renewable Energy Prospects for the Russian Federation is part of Irena’s renewable energy roadmap programme, REmap, which determines the potential for countries, regions and the world to scale up renewables to ensure an affordable and sustainable energy future. The roadmap focuses not just on renewable power technologies, but also technology options in heating, cooling and transport. The Russian Federation study is the latest in the series of country-level REmap analyses, which includes countries such as China, Germany, Indonesia, Mexico and the United States.

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