Photovoltaic (Solar PV) Market in Russia is expected to grow in the period 2020 - 2030. Government plans of Russia include development of solar PV sector ...
Update: January 2021
Format: 1 file(s) (PDF report) in English language and 1 file(s) in MS Excel with data from charts and tables
Author: Renewable Market WatchTM
Pages: 151
Report production №: RMWIN3492020184
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This market report offers an incisive and reliable overview of the wind energy sector of the country for the period 2020 ÷ 2030. In view of recent cuts in FIT’s announced in Germany, Spain, France, UK, Czech Republic, Slovakia, Bulgaria, Greece and Italy, the Russian Federation represents a challenging investment opportunity in CIS region with state renewable energy support scheme. Current cumulative installed wind power capacity in the country is insignificant, but a number of fully permitted and ready to build projects will promptly increase in 2020 and next years. First large scale wind power plants started construction at the end of 2015, whilst pipeline of over 1,570 MW (1.57 GW) wind projects are progressing in different stages of development process. Russia has launched at the end of September 2013 its first state support scheme for renewable energy with regulated capacity prices and 15 year PPA term, which is expected to enable further growth of wind energy market in Russian Federation.
Prime Minister of Russia, Mr. Dmitry Medvedev signed on July 28, 2015 very important regulatory document called "Decree № 1472-r". This document is fixing previous weak points from the Russian renewable energy law and is expected to create more comfortable and attractive business environment for local and international clean energy investors and particularly those in solar power plants in Russia.
The report provides a complete picture of the market situation, dynamics, current issues and future prospects. You will find more than 145 pages of valuable information in this unique in-depth analysis of the Russia wind power market will receive overview how the COVID-19 (Coronavirus) will impact it. With comprehensive market data this report brings clear and concise insights, to help investors in their decision making process. As 2018 and 2019 were challenging years for world wind energy industry, the time for taking right decisions during 2020 and the next few years is limited. Fast changing market environment requires relevant and accurate information. For your convenience we offer opportunity for orders with customized report content. Reasons to buy this market report are, but no limited to:
- Wind resource potential in Russia
- Historical market data provided from 2009 to 2019 and forecasts until 2030
- Financial Model and Analysis of 50 MW Wind Power Plant Investment in Russia (IRR, WACC, Payback, NPV, Cash Flow, etc.)
- Over 55 charts, tables and maps
- Overview of Russia wind energy market development 2010 ÷ 2030
- Development scenario of Russia wind power sector until 2030
- Major active and upcoming wind power plants in Russia
- Current market prices of fully permitted and operational wind energy projects
- Attractiveness indices for wind energy nvestments in Russia and CIS countries
- SWOT Analysis (detailed in 5 pages)
- Overview of Russia legal and regulatory framework for RES generation
- Review of most relevant financing and supporting incentives
- Project developers, EPC providers and Consultants in Russian wind energy sector
- Key organizations and stakeholders affecting development of the wind energy sector in Russia
- Investment potential and opportunities
At next pages you will see the full table of content of this report. To order this report just click on the button "ADD TO CART". If you have any other questions please do not hesitate to call us on ++44 203 60 80 138 or write an e-mail to orders@renewablemarketwatch.com
TABLE OF CONTENTS 3
FOREWORD 7
1 METHODOLOGY AND LIMITATIONS 8
1.1 Research Methodology 8
1.2 Limitations 9
2 EXECUTIVE SUMMARY 10
2.1 Historical and Current Development Overview of Wind Power Market in Russia 10
2.2 Russia Wind Resource Potential 10
2.3 Renewable Energy Sources (RES) Policies and Targets 11
2.4 Key Stakeholders Affecting Wind Power Market Development in Russia 11
2.5 Market Drivers and Constraints 11
2.6 Recent and Pending Changes in Renewable Energy Law in Russia 12
2.7 Market Forecast Summary 12
3 RUSSIA POLITICAL AND ECONOMIC ENVIRONMENT. PEST ANALYSIS 13
3.1 Basic Country Data 13
3.2 Political Climate and Ruling Party 17
3.3 GDP and Economic Growth 17
3.4 Taxes 20
3.4.1 VAT 21
3.4.2 Income and Corporate Taxes 21
3.4.3 Exemption of excise duty 22
4 COMMONWEALTH OF INDEPENDENT STATES (CIS) AND CENTRAL-EAST EUROPE (CEE) POWER MARKET 23
4.1 General Electricity Market information 23
4.2 Wind Power in the Energy Sector 29
4.3 Single Electricity Market of the European Union (EU) 32
4.4 CIS States Common Electricity Market (CIS CEM) 35
4.5 Electricity Market Concept of Eurasian Economics Union (EAU) 36
5 COMMONWEALTH OF INDEPENDENT STATES (CIS) WIND POWER MARKET 37
5.1 Market Overview 37
5.2 Cumulative Installed Wind Capacity and Revenue 38
5.3 Annual Installed Wind Capacity 40
5.4 Future Development Trends 40
6 RUSSIA POWER MARKET 42
6.1 Electricity Transmission and Distribution 42
6.2 Electricity Consumption and Generation 44
6.3 Electricity Imports and Exports 48
6.4 Electricity Prices for Business and Households 49
6.5 Renewable Energy Sources (RES) Targets 50
7 RUSSIA WIND POWER MARKET 52
7.1 Why Invest in Wind Power in Russia? 52
7.2 Russia Wind Resource Potential 53
7.3 Licensing Period Duration 54
7.4 Regional Substation Capacities for Wind Power Projects in Russia 55
7.5 Overview of Wind Power Market in Russia 56
7.6 Market Structure Analysis 57
7.7 Investment Trends and Development Roadmap 58
7.8 Competitive Environment in Wind Power Market 59
7.9 Profiles of Key Players and Investors in Wind Power Market 60
7.10 Cumulative Installed Wind Capacity and Revenue 62
7.11 Annual Installed Wind Capacity 64
7.12 Market Prices for Wind Power Projects in Russia in Development, Ready to Build and Operational (Grid Connected) Condition 64
7.13 Key Cost Structure Elements of Wind Power Plant in Russia 65
7.14 Levelized Cost of Energy (LCOE) for Wind Power in Russia 66
7.15 Key Wind Power Projects in Russia Under Development 67
7.16 Mergers and Acquisitions 70
8 DRIVERS AND CONSTRAINTS OF WIND MARKET IN RUSSIA. SWOT ANALYSIS 71
8.1 Market Drivers 71
8.2 Market Drivers Explained 71
8.3 Market Constraints 72
8.4 Market Constraints Explained 72
8.5 SWOT Analysis 73
9 FINANCIAL ANALYSIS OF WIND MARKET IN RUSSIA 77
9.1 Financing Options of Wind Power Projects in Russia 77
9.2 Financial Model and Analysis of 50 MW Wind Power Plant investment in Russia (IRR, WACC, Payback, NPV, Cash Flow, ETC.) 82
10 TECHNOLOGY ANALYSIS 87
10.1 Wind Technology Overview 87
10.2 Technology Trends 88
11 COMMONWEALTH OF INDEPENDENT STATES (CIS) RENEWABLE ENERGY POLICY LANDSCAPE 90
12 RUSSIA RENEWABLE ENERGY SOURCES (RES) LEGAL AND REGULATORY FRAMEWORK 92
12.1 Main Laws and Regulations 92
12.2 Support Schemes 93
12.3 Green Certificates Trading 93
12.4 Changes in Renewable Energy Law in Russia in 2020 94
12.5 Auction (Tender) Procedure for Wind Power Plants in Russia 97
12.6 Zoning, Planning and Construction Related Authorizations 98
12.7 Environmental Related Authorizations 98
12.7.1 Emerald Network and Environment Protected Areas 99
12.7.2 Clean Development Mechanism (CDM) and Joint Implementation (JI) 100
12.8 Energy Law Authorizations 100
12.8.1 Power Generation Licensing and Unlicensed Power Generation Below 1 MW 100
12.8.2 Grid Interconnection 101
12.8.3 Feed-in Tariff (FIT) 102
12.8.4 Power Off-Take for Green Certificates 104
12.8.5 Power Off-Take under Auction (Tender) Scheme 105
12.8.6 Registers for Green Certificates (Guarantees of Origin) 105
12.9 Future Market Pricing Mechanisms 106
13 KEY STAKEHOLDERS AFFECTING WIND POWER MARKET DEVELOPMENT IN RUSSIA 107
13.1 Government Stakeholders 107
13.2 Non-Government Stakeholders 111
13.3 Electricity Generation, Transmission System Operator (TSO) and Distribution System Operators (DSO’s) 112
14 CONCLUSIONS AND RECOMMENDATIONS 120
15 LIST OF ABBREVIATIONS 122
16 REFERENCES 124
17 DISCLAIMER 126
APPENDIX I. WIND RESOURCE MAPS OF EUROPE AND RUSSIA 127
- Map 1: Where is Russia on the European Map 13
Map 2: Russia Road Network 14
Map 3: Russia Administrative Regions Map 16
Map 4: Russia Electricity Grids Network 43
Map 5: Russia Wind Resource Map at 80 m.a.g.l. 53
MAP 6: Russia Emerald Network of Environment Protected Areas Map 99
MAP 7: Global Mean Wind Speed at 80 m.a.g.l. 127
Map 8: European Wind Atlas 128
Map 9: Unrestricted technical potential for onshore wind energy in the EU countries up to 2030, based on estimated 80 m.a.g.l average wind speeds (incl. Russia) 129
Chart 1: Russia Real GDP Growth for the Period 2010 ÷ 2030 in % (including forecast) 18
Chart 2: Russia GDP Growth Compared to EU-27 for the Period 2010 ÷ 2030 in % (including forecast) 19
Chart 3: Corporate Tax Income in Selected Commonwealth of Independent States (CIS) and Central-East Europe (CEE) Countries 21
Chart 4: Physical Energy Flows Values in GW in the Commonwealth Independent States (CIS) AND Central-East Europe (CEE) in 2019 24
Chart 5: Breakdown of Electricity Production by Source Type in the EU-28 in 2019 (in %) 26
Chart 6: Average Base Load Electricity Price in the Selected Commonwealth Independent States (CIS) (€/MWh): 2009 – 2019; Renewable Market WatchTM 27
Chart 7: Forecast for RES Generation Capacity by Source Type in the EU to 2020 and 2030 (in GW) 28
Chart 8: New Installed and Decommissioned Power Capacity by Source Type in the Commonwealth Independent States (CIS) in 2019 (MW) 29
Chart 9: Age of Power Plants in the Commonwealth Independent States (CIS) and Europe in 2019 30
Chart 10: Share of New Power Generation Capacities Added in the Commonwealth Independent States (CIS) in 2019 (MW) 31
Chart 11: Annual Installed Power Generating Capacity (MW) and Renewable Share (in %) 2009 – 2019 in the Commonwealth Independent States (CIS) 32
Chart 12: Number of Filled Patents for Wind Technologies in the Commonwealth Independent States (CIS) 2009 – 2019 37
Chart 13: Cumulative Installed Capacity of Wind Power Plants (in MW) in the Commonwealth Independent States (CIS) 2010 ÷ 2030, including forecast 38
Chart 14: Cumulative Revenue of Wind Power Plants (in Millions USD) in the Commonwealth Independent States (CIS) 2010 ÷ 2030, including forecast 39
Chart 15: Annual Installed Capacity of Wind Power Plants (in MW) in the Commonwealth Independent States (CIS) 2010 ÷ 2030, including forecast 40
Chart 16: Russia Power Market Structure 42
Chart 17: Share of RES electricity from Total Installed Power Capacity in Russia in 2019 45
Chart 18: Russia Total Annual Electricity Consumption (in TWh) 2009 ÷ 2019 46
Chart 19: Russia Power Generation Capacity Breakdown by Source (Fuel) Type in 2019 47
Chart 20: Electricity Imports and Exports in Russia 2010 ÷ 2030 (in million kWh) including forecast 49
Chart 21: Russia Targets for Renewable Energy Sources by 2030 (in %) set by National Renewable Energy Action Plan (NREAP) 51
Chart 22: Chart: Number of Filled Patents for Wind Technologies in Russia 2009 – 2019 59
Chart 23: Cumulative Installed Capacity of Wind Power Plants in Russia (in MW) 2010 ÷ 2030, including forecast 62
Chart 24: Cumulative Revenue of Wind Power Plants in Russia (in Millions EUR) 2010 ÷ 2030, including forecast 63
Chart 25: Annual Installed Capacity of Wind Power Plants in Russia (in MW) 2010 ÷ 2030, including forecast 64
Chart 26: Levelized Cost of Energy (LCOE) for Wind Power and Other Renewable Technologies in Russia by 2030 (in €) 66
Chart 27: Russian SEFF Structure 78
Chart 28: Cumulative Cash Flows and Break-Even Point of 50 MW Wind Power Plant Investment in Russia 85
Chart 29: Wind Turbine Price Evolution (€/Wp) 2010 ÷ 2020 88
Chart 30: Market Shares by Sales of the Distribution System Operators (DSOs) in Russia in 2019 112
Table 1: Electricity Prices for Business and Households 50
Table 2: Support Schemes for RES Generation in the Commonwealth Independent States (CIS) and Russia 52
Table 3: Market Prices for Wind Projects in Russia for 2020 ÷ 2030 in Development, Ready to Build and Operational (Grid Connected) Condition (2020 Update) 65
Table 4: Key Cost Structure Elements of Wind Power Plant in Russia in 2020 66
Table 5: Database with Major Operational, Under Construction and Planned Wind Projects in Russia 68
Table 6: Key Financial Parameters of 50 MW Wind Power Plant Investment in Russia 83
Table 7: Key Financial Viability Indicators of 50 MW Wind Power Plant Investment in Russia (IRR, NPV, Payback, Benefit-Cost) 83
Table 8: Project Costs and Savings (Income) Summary of 50 MW Wind Power Plant Investment in Russia 84
Table 9: Yearly Cash Flows of 50 MW Wind Power Plant Investment in Russia (Pre-tax, After-tax, Cumulative) 85
Table 10: Wind Turbine Price Trend in 2020 89
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