Featured in A redrawn energy landscape – 05-2022

Collateral damage as conflict bites

Western sanctions imposed on the Russian economy have complicated shipments of PV equipment into the country from the European Union and elsewhere. This has prompted the Russian authorities and businesses to increase localization efforts. The long-term outlook is bright, but a short-term crunch is coming, writes Vladislav Vorotnikov.

By

pv magazine

06 May 2022

Image: Hevel Solar

Alexey Zhikharev, the head of the Russia Renewable Energy Development Association (RREDA), tells pv magazine that under current conditions, all investment projects in Russia face obvious risks, and solar energy is no exception. “There are several issues that need to be addressed,” says Zhikharev. “The cost of financing has more than doubled, and a downgrade …

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