As cheap hydrocarbons continue to dominate Russia's power market, non-hydropowerrenewables remain highly underdeveloped, with an insignificant contribution of 0.4% to total electricitygeneration. Although in 2017, delayed projects entering the market boost the y-o-y capacity growth to over22%, the long-term growth outlook show the effects of an only moderately supportive government pairedwith economic and financial struggles. The 2017 renewable auction represented a small ray of hope in anotherwise cloudy future for non-hydro renewables in Russia.
Forecasts And Latest Updates
Non-hydropower renewables capacity and generation growth to average at 9.2% and 4.5% respectively inour 10-year forecast until 2026.
With a total 0.51% share of electricity generation by 2026, non-hydro renewables remain highlyunderdeveloped.