Solar energy has shown rapid development and its contribution to global electricity generation by 2040 is expected to rise to 6.2%. Solar energy development internationally and domestically is featured centrally in the new edition of the energy bulletin prepared by the Analytical Center's experts.
A step-by-step decline in specific capital expenditure has been bringing solar energy closer to profitability, experts believe. "Recently, it has spread widely not only due to a variety of government support measures, but also because of the visible results of its implementation – technological maturity of the industry and in some cases economic competitiveness," specialists write. So far, Russia has no "solar" gigawatts to boast about, the industry is at an early development stage. Solar power stations (unlike those in Europe) are not built nationwide but in regions offering the most favorable weather and climate conditions and in isolated energy areas where the use of RES is characterized by high efficiency.
Specialists remind that the industry development started after the government system for supporting RES-based generation development was set up. It is based on Government Resolution No. 449 adopted in May 2013, which approved RES support mechanism in the wholesale electricity and capacity market (RES CSA, i.e. special agreements for the construction of RES generation facilities selected through a competitive process, which guarantee stable yield to an investor for 15 years provided that a facility is commissioned in a timely manner and the necessary localization level is ensured). 2015 saw the approval of RES support mechanism in the retail electricity market (Government Resolution No. 47 dated January 23, 2015), as well as a number of laws and regulations aimed at encouraging RES development countrywide.
In the experts' opinion, expansion of the existing and construction of new SPP component production businesses will provide further impetus for solar energy development in Russia. Meanwhile, the products being manufactured will be able to find their consumer not only inside Russia, but also in neighboring countries. From 2018 to 2025, it is planned to commission solar power plants with a total capacity of about 400 MW in Armenia, Kazakhstan and Kyrgyzstan, whereas the CIS market until 2020 is valued at 5 GW SPPs.
For details, please see the Solar Energy Development Bulletin.
Other energy bulletins are available in the Publications Section.