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.

May 20th 2018
European Parliament Gives A Resounding Vote In Favour Of Clean Energy In Europe

European lawmakers have called for a renewable energy target of 35% for 2030 – rather than the 27% which the European Commission proposed in 2016. The MEPs have now backed measures substantially raising the European Union’s clean-energy ambitions. By 2030, more than one-third of energy consumed in the EU should be from renewable sources such as wind and solar power. The measures are intended to help cut carbon dioxide emissions. The EU is the world’s third-largest emitter of greenhouse gases after China and the United States, releasing about 10% of global emissions. 

September 17th 2018
MHI Vestas Signs Firm Order for Largest MW Project in Company History

MHI Vestas Offshore Wind will supply 90 of its flagship V164-9.5 MW turbines for the 860 MW Triton Knoll Offshore Wind Farm project; its largest MW project to date. MHI Vestas celebrated the financial close of the deal with innogy, at the site, confirming the project as the largest (MW) in the history of the turbine company. Affirming its strengthening position in the UK offshore wind market, the Danish-Japanese joint venture will supply 90 of the world’s most powerful commercially available turbine, the V164-9.5 MW, and has agreed on a comprehensive 5-year O&M agreement.

September 16th 2018
Ingeteam Develops New Optimal Offshore Power Conversion Architecture

Ingeteam, an independent global supplier of electrical conversion and turbine control equipment, has announced that a recent in-house R&D study allowed them to work out the optimal electrical power conversion designs for offshore wind turbines up to 15 MW. The research, taking into account the complex set of parameters at play in LCoE, enabled it to develop a Medium Voltage Power Converter reaching up to the 15 MW power range. Ingeteam claims that its new design is the ideal solution for scaling up offshore turbine platforms and will present its converter and the associated research at the Global Wind Summit in Hamburg next month.

December 6th 2017
Renewables Provide 17.8% Of Total US Electricity. Solar Now 2.0% And Wind 6.0%

According to the latest issue of the U.S. Energy Information Administration’s (EIA) “Electric Power Monthly” report, U.S. electrical generation from renewable energy sources (i.e., biomass, geothermal, hydropower, solar – inc. distributed solar, wind) rose by 14.69% during the first three-quarters of 2017 compared to the same period in 2016. Simultaneously, electrical generation by fossil fuels and nuclear power combined declined by 5.41%. Nuclear power and coal both dropped by 1.5%, natural gas (including “other” gas) was down by 10.7%, and oil (i.e., petroleum liquids and petroleum coke) plunged by 17.1%.

September 10th 2018
Ørsted Announces Plans For Offshore Wind Farm To Power 1 Million UK Homes

Ørsted, the largest energy company in Denmark has recently unveiled its plans for a sustainable energy solution to power more than 1 million homes in the UK when completed. The company is one of many leading organisations speaking and presenting at the 17th annual Benelux Infrastructure Forum on 21–22 November in Amsterdam. This year’s 2-day conference is the biggest yet, hosting an international gathering of industry leaders from law firms, banks, investment asset and fund managers, energy companies, insurance companies, European Commission, and engineering consultancies.

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