21 May 2017 2017 09:15 AM GMT

Russia: Abundance Of Renewables Can Fuel Growth; Quadruple Clean Energy By 2030

Russia can increase the share of renewables in its energy mix from roughly 3 percent today to more than 11 percent by 2030, according to new findings by the International Renewable Energy Agency (IRENA). The growth in renewable energy use would represent nearly a fourfold increase in the share of renewables between 2014 and 2030. Renewable Energy Prospects for the Russian Federation was presented to high-level stakeholders at a meeting in Moscow, between the Ministry of Energy of the Russian Federation and IRENA.

“The global energy transition is underway, with this study we have a better understanding of Russia’s renewable energy potential, what benefits it could bring, and what can be done to make this a reality,” said IRENA Director-General Adnan Z. Amin. “Russia has had a long history of leadership in the energy sector – and now has the opportunity to extend that leadership into renewable energy.”

Russia has significant potential of all renewable energy sources, with large hydropower and bioenergy being the main sources of renewables in the country’s energy system today. By the end of 2015, total installed renewable power generation capacity reached 53.5 gigawatts (GW), representing about 20 percent of the country’s total capacity, the majority of which lies in large hydropower.

“Further developing Russia’s rich and diverse renewable energy resources can significantly contribute to the country’s economic objectives such as economic growth and employment, diversify the energy mix, improve energy security and reduce energy supply costs in remote regions,” Mr Amin added.

Under Russia’s current energy strategy the share of renewable energy will reach 4.9 percent by 2030, falling short of its potential of more than 11.3 percent, by IRENA’s estimates. According to the new working paper, the power sector is estimated to have the highest renewable energy share, at about 30 percent in 2030 — split into 20 percent for hydropower and 10 percent for wind, solar photovoltaic (PV) and geothermal power.

In addition to hydropower and bioenergy, Russia has already taken steps to accelerate deployment of other renewable energy technologies. The country’s current renewable energy policy focuses on accelerating the deployment of wind and solar PV, and in 2016, approximately 70 megawatts of new renewable energy capacity was introduced.

To implement the study’s recommendations, an annual investment of approximately USD 15 billion per year between 2015 and 2050 is required, but IRENA shows that the benefits can exceed costs when externalities related to human health and climate change are considered. Renewables identified under REmap can save up to USD 8 billion per year by 2030, and additional benefits could include potentially exporting wind and hydropower to Asia, and biofuels to Europe — according to current estimates Russia has the largest wind potential in the world.

Renewable Energy Prospects for the Russian Federation is part of IRENA’s renewable energy roadmap programme, REmap, which determines the potential for countries, regions and the world to scale up renewables to ensure an affordable and sustainable energy future. The roadmap focuses not just on renewable power technologies, but also technology options in heating, cooling and transport. The Russian Federation study is the latest in the series of country-level REmap analyses, which includes countries such as China, Germany, Indonesia, Mexico and the United States.

The full report can be downloaded here.

IRENA is mandated to be the global hub for renewable energy cooperation and information exchange by 150 Members (149 States and the European Union). 27 additional countries are in the accession process and actively engaged. IRENA promotes the widespread adoption and sustainable use of all forms of renewable energy, in the pursuit of sustainable development, energy access, energy security and low-carbon economic growth and prosperity.

October 9th 2017
ASEAN Eyes Clean Energy To Fuel Economic Growth And Build Climate Resilience

Governments of ASEAN and the International Renewable Energy Agency (IRENA), have established a strategy to accelerate the region’s transition to low-carbon, sustainable energy and build its climate resilience. “Increasing investment in renewable energy across Southeast Asia’s growing populations has significant social and economic benefits across the region, liberating them from expensive fossil fuel imports while boosting economic growth, supporting energy security, job creation and national resilience,” said Adnan Z. Amin, co-chair of the Dialogue.

October 16th 2017
Uganda Inaugurates Breakthrough Tororo PV Plant. A Future Model For Africa?

Production has commenced at the Tororo PV power plant; which, with 16 GWh of renewable energy generated annually, will cater for the energy requirements of 35,838 people and help reduce CO2 emissions by 7,200 tons. Overall, $19.6 million was invested to build the 10 MWp plant, with the engagement of several major organisations including KfW and FMO Development Banks, the World Bank and the EU. Attilio Pacifici, EU Ambassador said, “One of the key objectives of this plan is to encourage private sector participation in higher risk investments and we’re happy to demonstrate that Uganda is well positioned to be successful and a good model for replication.”

October 10th 2017
Enel Starts Construction Of Australia’s Largest Solar PV Project

The Bungala Solar One facility is part of the Bungala Solar PV Project and will have an installed capacity of 137.7 MW out of a total of more than 275 MW for the whole project, that will be able to produce 570 GWh per year. The facility will cover an area of approximately 300 hectares and will consist of about 420,000 polycrystalline PV modules mounted on single-axis tracker structures which will follow the Sun’s path from east to west; increasing the amount of energy produced by the plant, compared to PV modules with fixed structures. The overall Bungala Solar PV project is expected to become fully operational in early 2019.

October 11th 2017
Engie Wins 832 MW Hydropower Plant Orders In Brazil, Strengthens Market Lead

During the auction held recently by the Brazilian Federal Government, ENGIE won concession contracts for two hydropower plants (HPP) for a total amount of around €950m (BRL3.531bn). The Jaguara HPP, located in Rio Grande (between the states of Minas Gerais and São Paulo), with a 424 MW installed capacity and the Miranda HPP, located in Rio Aragui, in Indianápolis (Minas Gerais State), with a 408 MW installed capacity. The concession contracts are signed for a 30-year period. They raise the installed capacity of ENGIE from 10,290 MW to 11,122 MW and reinforce ENGIE’s position as the largest private energy producer in Brazil.

October 17th 2017
Grids Integration, Energy Networks Boosted By Distributed Generation Growth

Renewable energy has continued to develop at ever increasing rates, with remarkable growth seen since the start of this decade. The pace of the energy transition is driving innovation and growth in related sectors. For energy networks and grids integrating small gas turbines, micro-turbines, fuel cells, biomass, small hydropower, wind and solar energy; distributed generation installation provides significant solutions in the restructured electricity regime. This is particularly so, where there is a larger uncertainty in demand and supply.


 

   

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