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Analyzing the Renewable Energy Industry in Russia
Aruvian's R'search, March 2009, Pages: 150
In 2007, Russia’s real gross domestic product (GDP) surpassed average growth rates in all other G8 countries, marking the country’s seventh consecutive year of economic expansion. Russia’s economic growth over the past seven years has been driven primarily by energy exports, given the increase in Russian oil production and relatively high world oil prices during the period.
Internally, Russia gets over half of its domestic energy needs from natural gas, up from around 49 percent in 1992. Since then, the share of energy use from coal and nuclear has stayed constant, while energy use from oil has decreased from 27 percent to around 19 percent.
Renewable energy effectively uses natural resources such as sunlight, wind, rain, tides and geothermal heat, which are naturally replenished. Renewable energy technologies range from solar power, wind power, hydroelectricity/micro hydro, biomass and biofuels for transportation.
In 2006, about 18% of global final energy consumption came from renewables, with 13% coming from traditional biomass, like wood-burning. Hydropower was the next largest renewable source, providing three percent, followed by hot water/heating which contributed 1.3%. Modern technologies, such as geothermal, wind, solar, and ocean energy together provided some 0.8% of final energy consumption. The technical potential for their use is very large, exceeding all other readily available sources.
Renewable energy technologies are sometimes criticized for being unreliable or unsightly, yet the market is growing for many forms of renewable energy. Wind power has a worldwide installed capacity of 74,223 MW and is widely used in several European countries and the USA. The manufacturing output of the photovoltaics industry reached more than 2,000 MW per year in 2006, and PV power plants are particularly popular in Germany.
Russia has now started realizing the potential of renewable energy and has started developing the industry rapidly.
The author presents a focus on the Renewable Energy Industry in Russia in its report – Analyzing the Renewable Energy Industry in Russia. The report is a complete analysis of the various sectors of renewable energy in Russia. Starting with an analysis of the energy issues facing Russia and the overall renewable energy industry in Russia, the report analyzes the following renewable commodities: small hydro power, biomass, wind energy, hydro energy, nuclear power, and wind energy. Russia’s environment for the development of renewable energy is also discussed in details in the report. Regulatory frameworks, government schemes promoting the use of renewable energy, etc., are all described in the report.
Major industry players promoting and developing the industry are also profiled in the report Analyzing the Renewable Energy Industry in Russia. Apart from the Russian Renewable Energy Industry, the report also gives a profile of the global energy industry, the global renewable energy industry, as well as Russia’s energy industry.
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