How much solar energy does Russia produce?

Russia's share of solar energy production is a paltry 0.03 percent of the country's total, and to meet its electricity needs the country relies heavily on traditional energy sources with high conversion efficiency, such as gas, oil, hydro and nuclear. Nevertheless, in the past three years Russia has been rapidly developing solar energy.

Does Russia have a solar power plant?

Nevertheless, in the past three years Russia has been rapidly developing solar energy. Kosh-Agachskaya solar power plant in the Republic of Altai was opened in 2014. In 2014, Russia opened its first solar power plant, and the country has 12 today. Soon the 13th will be launched.

Is solar energy a good investment in Russia?

Even though demand for solar energy in Russia is low, the Moscow-based company, Hevel, is producing solar modules with an energy conversion efficiency of 22 percent, which is the world’s highest. In addition to Hevel, only two other companies in the world produce solar equipment with similar efficiency: Panasonic (Japan), and Sun Power (U.S.).

What are the prospects for solar energy in Russia?

Prospects for solar energy are very high for some regions. These include: areas surrounding the Black and Caspian Seas. According to the operator of the Unified Energy System, the share of electricity produced by solar energy in Russia is 0.03% of the total.

What is Russia's largest solar energy company?

With a capacity of 20 MW, it will power about 4,000 homes and will be launched in September. The Hevel Group (" hevel " means “sun” in the Chuvash language) is Russia’s largest solar energy company, and was founded in 2009 by Renova and Rosnano, which have a 51-percent and 49-percent stake, respectively.

What is Russia's current share of solar power?

While the global economy gets roughly 10% of its power from wind and solar sources, in Russia, solar’s share is just 0.2%. As the third-largest carbon emitter in human history, Russia faces an uphill battle in its attempts to move from fossil fuels to renewable and other sources of clean energy.