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Russian plans support scheme change after 2024

RUSSIA: The existing system of state support of wind power industry in Russia could change after 2024.

Russia licensed 1.65GW of capacity in June's tender (pic: RAWI)
Russia licensed 1.65GW of capacity in June's tender (pic: RAWI)

The current scheme, supported by consumer bills, is expected to cost RUB 174 billion (US$2.9 billion) a year by 2024.

According to latest statements of a spokesman of Russia's energy minister, Alexander Novak, the scheme is no longer considered efficient.

In order to attract new players to the industry and increase production of equipment, there is a need to increase the selection of projects to 10-15 GW, but this will lead to an "unacceptable" increase in the burden on consumers.

Both electricity customers and sellers believe that state support should be closed, while wind power investors expect the design of new support schemes from the state, which can be funded by some public funds, such as the National Welfare Fund, the Pension Fund and others.

The Russian wind industry association is working on preparing materials for apply to relevant ministries and the Government of the Russian Federation and is starting a survey to find out the opinions of market participants.

A total of 1.65GW of wind capacity secured licences for delivery between 2018 and 2022 in June's tender.

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