500MW in first Russian RE auction

The Kremlin passed a law to spur renewables last year

The Kremlin wants to increase RE's currently negligible share

Russia’s first renewable energy tender has auctioned off about 500MW in capacity, mostly to solar projects, the head of the country’s solar energy association Aser said.

Almost 400MW of the total was awarded to solar projects, Aser head Anton Usachev told Recharge.  Just over 100MW went to wind power ventures.

“From our point of view, the auction was quite successful,” Usachev said.

Avelar Energy – a unit of Russian investment group Renova – won most of the solar bids, Usachev said.

The projects are scheduled for construction from 2014 to 1017.

Usachev added that a new tender for the 2015 to 2018 period is due to be held in June 2014.

Russia’s energy ministry in May said the government had approved a 85bn roubles ($2.7bn) programme to support the development of the country’s fledgling renewables sector via power purchase agreements.

Through the policy Moscow intends to push the country’s share of non-hydro renewables from a negligible 0.8% to 2.5% of power generation by 2020.

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