Russia planning 1GW renewable tender in 2018

RUSSIA: A federal government energy minister has revealed plans to tender 899MW of wind capacity, and 57MW of solar, according to the Russian Wind Industry Association (RAWI).

First deputy energy minister Alexei Texler (pic source: RAWI)
First deputy energy minister Alexei Texler (pic source: RAWI)

Speaking at the Russian Energy Week conference, first deputy energy minister Alexei Texler said the capacity would "probably" be allocated next year, RAWI reported. 

Auction winners receive a 15-year capacity supply agreement, guranteeing investors a 12% profit. 

Next year's proposed auction follows a 1.65GW allocation awarded in June to three developers. 

Enel Green Power (291MW), a Fortum-Rusnano joint venture (1GW) and Rosatom (360MW) all secured wind capacity licenses to install projects by 2020-21. 

In Russia, new legislation supports the construction of 3.35GW of wind capacity by 2024. The projects must comply with sourcing 65% of the project components from within the country. Of that total, 44% must be sourced for the production of the wind turbines, RAWI said. 

A new system is expeted to be in place after 2024 to encourage the development of wind capacity.

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