Alternative energy can only be developed with state support

18 april 2016 | Rossiyskaya Gazeta

The Analytical Center's expert Dmitry Khomchenko believes that alternative energy generation in Russia can only develop with state support.

Dmitry Khomchenko
Dmitry Khomchenko
Department for Sectors of Economy

In 2015, the rules for determining prices for the power produced by generating facilities utilizing renewable energy sources were changed in order to allow using an adjustment coefficient for planned capital expenditures in foreign currencies when calculating the relevant prices, the expert noted.

“The coefficient is to be calculated as the minimum ratio of the average exchange rate between the ruble and the bi-currency basket over a period of between 6 months (for solar power plants) and 3 years (for hydroelectric power plants) to the same exchange rate as of the date of the biddings held in 2013-2014,” Mr. Khomchenko explained in a conversation with a Rossiyskaya Gazeta correspondent.

The International Energy Agency prognosticates that the share of hydrocarbon raw materials in Russia’s energy balance will decline gradually as it is replaced by nuclear power generation and renewable energy sources. Thus, the share of the latter in our country may increase to 3% from the current 2% by 2040, International Energy Agency experts are sure. In the meantime, the Russian Energy Ministry plans for the quota of renewable sources to hit 2.5% by 2024.