This forecast was presented in a study of the international group IBCentre, devoted to the prospects of renewable energy development in Eastern Europe.
In particular, the Russian renewable energy market will be the focus of investors in 2014 due to the power purchase agreement (PPA) model that came into force in 2013, providing bonus investment return for project developers.
An additional factor that will determine more active development of solar energy in comparison with other sectors of renewable energy in 2014 is the requirement of "local content" (presence in a project not less than 50% of Russian components and equipment), which currently only solar segment developers can provide due to the production of PV modules in the Russian Federation.
At the same time, the Russian Federation is still lacking a full production of megawatt-class wind turbines. Promising markets for the development of solar energy in 2014 are also Kazakhstan, Uzbekistan and Belarus due to the environment conditions and the government actions directed to industry support. In addition, a number of large projects can be implemented in Ukraine, where the mechanism of "green tariff" exists.
IBCentre also predicts a rapid growth of the CIS market of engineering services in the field of renewable energy in 2014, which will be formed mainly by experienced foreign players. According to the IBCentre estimates, the Russian Federation's engineering industry market in the next year will be more than 25 million and will increase to 1.2 billion by 2020. The renewable energy market of the Russian Federation as a whole is estimated at 8.5-10 billion.
The 3rd International Conference and Exhibition, CISOLAR-2014, is dedicated to investment opportunities in the solar energy market of Russia and the CIS countries. It will be held April 8-9, 2014, in Sochi. We expect around 250 delegates from more than 20 countries.
Exhibitors of CISOLAR-2014 will be from more than 80 companies, representing the international solar energy industry.
The key topics of CISOLAR- 2014:
- State policy and opportunities for solar energy projects, the prospects for the development of key markets of the CIS countries.
- Solar energy connection and operation in the overall Russian energy system.
- The economic feasibility of investments in solar energy, the main legal barriers of implementation.
- Is it worth for the CIS countries to rely on local production or is it better to purchase technology on the world market?
- Recent research and technical solutions in the sector of electricity storage.
- Smart Grid.
The first conference was successfully held in Odessa, on the Black Sea and in the region of rapid solar energy development, and attracted over 150 delegates from more than 20 countries. In 2013, CISOLAR was successfully held in Moscow, and in 2014 we will welcome you in Sochi, not only the world-famous resort town and venue of the XXII Olympic Winter Games, but also the city where there were several solar energy projects in a very short period of time, such as projects in the Olympic infrastructure and in the commercial and private sector. Visiting these objects is included into the business program of CISOLAR-2014.
Delegates of CISOLAR-2014 will have an opportunity to participate in
- conference where leading experts will share the experience and the view of the market development;
- unique sightseeing tour prepared by organizers at infrastructural facilities in Sochi, where the solar power plants are installed;
- exhibition dedicated to the solar industry and the latest technologies in the development of PV modules;
- business matchmaking on a pre-scheduled meetings;
- art photography exhibition of solar power plants.
Please note that the forum organizing committee formed an international advisory council, in which we invite key industry experts and representatives of government agencies. It will help make the event's work program market-oriented and create successful business projects.
Visit the official website — www.ci-solar.com — for more information.
