State Support for the Development of RES Generation in Russia to Amount to RUB 350 Billion until 2035

State program to support the development of renewable-energy-operated generation facilities will allocate RUB 350 billion for the period from 2025 to 2035. This was announced by Pavel Snikkars, Deputy Minister of Energy of the Russian Federation.

The second part of the program supporting the manufacturers of renewable energy sources (RES) has been launched. The Ministry expects RES investors to construct 6-7 GW generation facilities during this period, while even more would be possible if reducing the CAPEX.

Representative of the Ministry emphasized the fact that the new version of the program included a reduction in the construction costs of RES facilities, which would lead to an increase in their volumes within a stable framework of the support program.

Representative of the regulatory authority has noted that "... first, we expect lower costs of electrical energy generation. Second, increased requirements for the equipment localization within the Russian Federation and, of course, export recognition. The second program will strengthen localization requirements and enter export parameters.”

According to the official, upon completion of the second program, RESs will be competitive with conventional generation.

At the same time, Pavel Snikkars commented, "...nobody prevents RES from being developed outside the state program within the legal field on wholesale and retail markets. Recent decisions on microgeneration are going to contribute to that."

Source: Wind Industry