/ News
August 7, 2017

Mechanisms for supporting renewable energy sources may be modified

The Market Council has proposed altering the approach to the development of renewable energy in Russia. The regulator believes that the mechanisms offered by the state industrial policy would be more effective than the existing support system via the energy market in which the burden is placed on the consumer. The Russian Ministry of Energy concedes this approach could be possible. Deputy Minister of Energy Vyacheslav Kravchenko said the development of green energy could be stimulated through tax incentives or subsidizing interest rates. “The reason for the high price of renewable energy sources is the cost of capital: we allow for yield of around 12–14%. As I understand it, that is quite high. If capital is cheaper, the cost of renewable energy sources will also fall”, Kravchenko said.

Kravchenko believes developing renewable energy source projects in the Far East has the greatest potential. Specifically, setting up “green” power generation is economically viable in isolated power districts, he said. “The cost of electricity production using combined sources of wind-diesel and sun-diesel is cheaper than simply using diesel fuel. Thus, even now it is possible to use the difference in price for electricity alone instead of mechanisms for supporting renewable energy sources”, Kravchenko explained.

A separate pillar of discussions will be devoted to renewable energy sources during Russian Energy Week. The themes include: ‘Developing renewable energy sources in Russia: scaling up and exporting technology’, ‘Inevitable growth: new renewable energy projects in Russia’s regions’, ‘• Energy storage – a revolution in the renewables sector?’, ‘Traditional vs alternative energy: which has the investor’s vote?’ The discussions will be attended by representatives of leading energy companies, investors, legislators, and industry experts.

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October 2, 2017 Winners of the third Russian MediaTEK 2017 contest to be awarded during REW 2017

The winners of the Russian contest among the media, the press services of fuel and energy companies, and regional administrations MediaTEK 2017 will be awarded as part of the business programme of the Russian Energy Week international forum on 4–5 October 2017. The contest received roughly 400 works from 55 regions of Russia. The most active regions in terms of the number of applications were the Yamalo-Nenets Autonomous District, Krasnodar Territory, Leningrad Region, Krasnoyarsk Territory, Republic of Tatarstan, Khanty-Mansi Autonomous District, Kemerovo Region, St. Petersburg, and Moscow. The winner in the ‘Best Press Service’ nomination in the ‘National Fuel and Energy Sector Companies’ category was the company IDGC of the North Caucasus, while the winner in the ‘Regional Fuel and Energy Sector Companies’ category was Tatneft. Siberian Coal Energy Company took first place in the ‘Promotion of Fuel and Energy Sector Professions’ nomination among national companies, while the Kirov branch of T Plus along with the Kirov branch of IDGC of Centre and Volga Region – Kirovenergo took the top spot among regional companies. The contest’s Expert Council also established special prizes, which were awarded to 11 participants in the MediaTEK 2017 competition. The awards will be presented as part of REW 2017 by members of the MediaTEK Expert Council, which includes Russian Minister of Energy Alexander Novak, Deputy Head of the Administration of the Russian President and Press Secretary of the Russian President Dmitry Peskov, Dean of the Faculty of Communications, Media, and Design at the Higher School of Economics Andrey Bystritsky, Dean of the Faculty of Journalism at Lomonosov Moscow State University Yelena Vartanova, Interfax Information Agency First Deputy CEO Georgy Gulia, Russian Deputy Minister of Energy Anton Inyutsyn, Russia Today International Information Agency General Director Dmitry Kiselev, Eventica Communications General Director Sergey Kolushev, President of the Global Energy Association for the Development of International Energy Research and Projects Igor Lobovsky, TASS Information Agency General Director Sergey Mikhailov, and Kommersant Newspaper Editor-in-Chief Sergey Yakovlev.