The Russian government has reportedly signed a decree to encourage electricity generation from renewables which aims for 6 GW of new capacity by 2020.
A Bloomberg news report quotes Russian Energy Ministry spokesman Dmitry Babanskiy and says the government has agreed to encourage renewables with the aim of raising the proportion of energy generated from PV, wind and small hydro in the Russian Federation from 0.8% today to 2.5% in seven years time.
Those figures, though, fall far short of the ambitious aims outlined under the Russian Renewable Energy Program of the World Banks International Finance Corporation (IFC).
The IFC program which aims to increase private sector investment in renewables aims for 4.5% of Russian electricity to come from renewables by 2020, an aim it says would require 22 GW of new capacity and around US$250 billion to $300 billion of investment over that period.
Popular content
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
Share
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.