National Interests: Priorities and Security
 

Development of renewable sources of energy in Russia

Vol. 13, Iss. 10, OCTOBER 2017

Received: 18 July 2017

Received in revised form: 4 August 2017

Accepted: 30 August 2017

Available online: 27 October 2017

Subject Heading: ENERGY SECURITY

JEL Classification: L94, Q42

Pages: 1882–1895

https://doi.org/10.24891/ni.13.10.1882

Remizova T.S. Financial Research Institute of Ministry of Finance of Russian Federation, Moscow, Russian Federation tttatia@yandex.ru

Importance The promotion of renewable energy sources is one of the key goals in developing the electric power sector of Russia and subsequently reinforcing the energy security. Renewable sources are supported through special activities, including those ones intended for the wholesale market of electric power, being the subject matter of this research.
Objectives I examine how the State supports renewable energy sources in the wholesale market of electric power and capacity to promote them in Russia.
Methods The research relies upon methods of logic and statistical analysis.
Results Following the research, I point out those federal districts, which actually set up facilities generating renewable energy sources by type of generating facilities (Volga Federal District, Southern Federal District). I also mention entities are inert to select projects under Resolution of the RF Government On the Mechanism for Encouraging the Use of Renewable Energy Sources in the Wholesale Market of Electric Power and Capacity № 449 of May 28, 2013. It necessitates additional aid of the State and subsidies to investment projects for facilities construction.
Conclusions and Relevance The involvement of large holding groups and separate companies will hardly push the development of renewable energy sources in Russia and contribute to the RF Government’s plans only without the relevant expertise and the State aid.

Keywords: renewable energy sources, solar generation, wind generation, generating facility

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