Russia Photovoltaic (Solar PV) Market: Outlook 2016 - 2025

  • ID: 4316545
  • Report
  • Region: Russia
  • 151 pages
  • Inea Consulting Ltd
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FEATURED COMPANIES

  • BISOL Group
  • Ekotechnik Praha
  • Helios Strategia
  • Hevel Solar Group
  • Martifer Solar
  • Miyota Power
  • MORE

This market report offers an incisive and reliable overview of the photovoltaic sector of the country for the period 2016 - 2025. In view of recent cuts in FIT’s announced in Germany, Spain, France, UK, Czech Republic, Slovakia, Bulgaria, Greece and Italy, the Russian Federation represents a challenging investment opportunity in CIS region with state renewable energy support scheme. Current cumulative installed PV capacity in the country is insignificant, but a number of fully permitted and ready to build projects will promptly increase in 2017 and next years.

First MW scale photovoltaic power plants have been launched into commerical operation in 2014, 2015 and first half of 2016, whilst pipeline of over 1,500 MW (1.5 GW) solar projects are progressing in different stages of development process. Russia has launched at the end of September 2013 its first state support scheme for renewable energy with regulated capacity prices and 15 year PPA term, which is expected to enable further growth of solar PV market in Russian Federation.

Prime Minister of Russia, Mr. Dmitry Medvedev signed on July 28, 2015 very important regulatory document called "Decree ? 1472-r". This document is fixing previous weak points from the Russian renewable energy law and is expected to create more comfortable and attractive business environment for local and international clean energy investors and particularly those in solar power plants in Russia.

The report provides a complete picture of the market situation, dynamics, current issues and future prospects. You will find more than 145 pages of valuable information in this unique in-depth analysis of the Russia solar PV market. With comprehensive market data this report brings clear and concise insights, to help investors in their decision making process. As 2015 and 2016 were challenging years for world photovoltaic industry, the time for taking right decisions during 2017 and the next few years is limited. Fast changing market environment requires relevant and accurate information.

Reasons to buy this market report are, but not limited to:

  • Solar resource potential in Russia
  • Historical market data provided from 2000 to 2016 and forecasts until 2025
  • Financial Model and Analysis of 5 MW Photovoltaic (Solar PV) Power Plant investment in Russia (IRR, WACC, Payback, NPV, Cash Flow, etc.)
  • Over 55 charts, tables and maps
  • Overview of Russia photovoltaic (solar PV) market development 2000 - 2025
  • Development scenario of Russia photovoltaic (solar PV) sector until 2025
  • Major active and upcoming solar PV power plants in Russia
  • Current market prices of fully permitted and operational solar PV projects
  • Attractiveness indices for photovoltaic investments in Russia and CIS countries
  • SWOT Analysis (detailed in 5 pages)
  • Overview of Russia legal and regulatory framework for RES generation
  • Review of most relevant financing and supporting incentives
  • Project developers, EPC providers and Consultants in Russian
  • Key organizations and stakeholders affecting development of the photovoltaic sector in Russia
  • Investment potential and opportunities
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Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • BISOL Group
  • Ekotechnik Praha
  • Helios Strategia
  • Hevel Solar Group
  • Martifer Solar
  • Miyota Power
  • MORE
"FOREWORD
1 METHODOLOGY AND LIMITATIONS
1.1 Research Methodology
1.2 Limitations
2 EXECUTIVE SUMMARY
2.1 Historical and Current Development Overview of Photovoltaic (Solar PV) Power Market in Russia
2.2 Russia Solar Resource Potential
2.3 Key Stakeholders Affecting Photovoltaic (Solar PV) Power Market Development in Russia
2.4 Market Drivers and Constraints
2.5 Key Recent and Pending Changes in Renewable Energy Law in Russia
2.6 Market Forecast Summary
3 RUSSIA POLITICAL AND ECONOMIC ENVIRONMENT. PEST ANALYSIS
3.1 Basic Country Data
3.2 Political Climate and Ruling Party
3.3 GDP and Economic Growth
3.4 Taxes
3.4.1 VAT
3.4.2 Income and Corporate Taxes
4 COMMONWEALTH INDEPENDENT STATES (CIS) AND CENTRAL-EAST EUROPE (CEE) POWER MARKET
4.1 General Electricity Market Information
4.2 Photovoltaic (Solar PV) Power in Energy Sector
4.3 Single Electricity Market of European Union
4.4 CIS States Common Electricity Market (CIS CEM)
4.5 Electricity Market Concept of Eurasian Economic Union
5 COMMONWEALTH INDEPENDENT STATES (CIS) PHOTOVOLTAIC (SOLAR PV) POWER MARKET
5.1 Market Overview
5.2 Cumulative (CAGR) Installed Photovoltaic (Solar PV) Power Capacity and Revenue
5.3 Annual Installed Photovoltaic (Solar PV) Power Capacity and Revenue
5.4 Future Development Trends
6 RUSSIA POWER MARKET
6.1 Electricity Transmission and Distribution
6.2 Wholesale Power Market Structure
6.2.1 Electricity Market
6.2.2 Capacity Market
6.3 Retail power market structure
6.3.1 Retail Companies
6.3.2 Electricity Producers that are not Participants of the Wholesale Market
6.3.3 Contract Structure of Retail Market
6.3.4 Pricing in the Retail Market
6.4 Electricity Consumption and Generation
6.5 Electricity Imports and Exports
6.6 Electricity Prices for Business and Households
6.7 Renewable Energy Sources (RES) Targets
7 RUSSIA PHOTOVOLTAIC (SOLAR PV) POWER MARKET
7.1 Why Invest in Photovoltaic (Solar PV) Power in Russia?
7.2 Russia Solar Resource Potential
7.3 Licensing Period Duration
7.4 Regional Substation Capacities for Photovoltaic (Solar PV) Power Projects in Russia
7.5 Overview of Photovoltaic (Solar PV) Power Market in Russia
7.6 Market Structure Analysis
7.7 Investment Trends and Development Roadmap
7.8 Competitive Environment in Photovoltaic (Solar PV) Power Market
7.9 Profiles of Key Players and Investors in Photovoltaic (Solar PV) Power Market
7.10 Cumulative (CAGR) Installed Photovoltaic (Solar PV) Power Capacity and Revenue
7.11 Annual Installed Photovoltaic (Solar PV) Power Capacity and Revenue
7.12 Market Prices for Photovoltaic (Solar PV) Power Projects in Russia in Development, Ready to Build and Operational (Grid Connected) Condition
7.13 Key Cost Structure Elements of Photovoltaic (Solar PV) Power Plant in Russia
7.14 Levelized Cost of Energy (LCOE) for Photovoltaic (Solar PV) Power in Russia
7.15 Key Photovoltaic (Solar PV) Power Projects in Russia Under Development
7.16 Mergers and Acquisitions
8 DRIVERS AND CONSTRAINTS OF PHOTOVOLTAIC (SOLAR PV) POWER MARKET IN RUSSIA. SWOT ANALYSIS
8.1 Market Drivers
8.2 Market Drivers Explained
8.3 Market Constraints
8.4 Market Constraints Explained
8.5 SWOT Analysis
9 FINANCIAL ANALYSIS OF PHOTOVOLTAIC (SOLAR PV) POWER MARKET IN RUSSIA
9.1 Financing Options of Photovoltaic (Solar PV) Power Projects in Russia
9.2 Financial Model and Analysis of 5 MW Photovoltaic (Solar PV) Power Plant investment in Russia (IRR, WACC, Payback, NPV, Cash Flow, ETC.)
10 TECHNOLOGY ANALYSIS
10.1 Photovoltaic (Solar PV) Power Technology Overview
10.2 Technology Trends
11 CIS COUNTRIES RENEWABLE ENERGY POLICY LANDSCAPE
11.1 RES Regulations and Directives of European Union (EU) affecting CIS countries
11.1.1 Precedent Regulations
11.1.2 EU 2030 Framework for Climate and Energy Policies
11.1.3 EU Energy Roadmap 2050
11.2 Renewable Energy Sources (RES) Strategy for CIS Countries Developed by UN ECE
11.2.1 Development of Educational Activity and Personnel Training
11.3 Renewable Energy Sources (RES) Mandatory Targets for CIS Countries
12 RUSSIA RENEWABLE ENERGY SOURCES (RES) LEGAL AND REGULATORY FRAMEWORK
12.1 Main Laws and Regulations
12.2 Support Schemes
12.2.1 Government Decree ? 1839 „On approval of a package of measures to stimulate production of power by generating facilities operating on the basis of renewable energy sources (RES)“
12.2.2 Federal Law No. 35-FZ on the Electric Power Industry
12.3 Key Recent and Pending Changes in Renewable Energy Law in Russia
12.4 Zoning, Planning and Construction Related Authorizations
12.5 Environmental Related Authorizations
12.5.1 Environment Protected Areas
12.5.2 Clean Development Mechanism (CDM) and Joint Implementation (JI)
12.6 Energy Law Authorizations
12.6.1 Power Generation Licensing
12.6.2 Grid Interconnection and Quota Limitations
12.6.3 Power Off-Take and Power Purchase Agreement (PPA)
12.6.4 Feed-in Tariff (FIT)
12.6.5 Green Reneable Energy Sources (RES) Certificates (Guarantees of Origin)
12.7 Additional Incentives for Photovoltaic (Solar PV) Power Projects in Russia
12.8 Future Market Pricing Mechanisms
13 KEY STAKEHOLDERS AFFECTING PHOTOVOLTAIC (SOLAR PV) POWER MARKET DEVELOPMENT IN RUSSIA
13.1 Government Stakeholders
13.2 Non-Government Stakeholders
13.3 Electricity Generation, Transmission System Operator (TSO) and Distribution System Operators (DSO’s)
14 CONCLUSIONS AND RECOMMENDATIONS
15 LIST OF ABBREVIATIONS
16 REFERENCES
17 DISCLAIMER
APPENDIX I. SOLAR RESOURCE MAPS OF CIS COUNTRIES AND RUSSIA

Map 1: Where is Russia on the European Map
MAP 2: Russia Road Network
MAP 3: Russia Administrative Regions Map
MAP 4: The Synchronous Grids of Europe and CIS States
MAP 5: Interconnection Grid Map of Central-East Europe and CIS States, ENTSO-E
MAP 6: Existing and Planned High Voltage Power Lines of Russia and Interconnection with Neighbor Countries
MAP 7: Electricity Grid Map of Russia
MAP 8: Solar Resource Map of Russia
MAP 9: Solar Resource Map of Far East Regions of Russia
MAP 10: Environment Protected Areas in Russia
Map 11: Solar Irradiation and Solar Electricity Potential for Horizontally Mounted Photovoltaic Modules in Europe and CIS countries
Map 12: Solar Irradiation and Solar Electricity Potential for Optimally Inclined Photovoltaic Modules in Europe and CIS Countries

Chart 1: Russia Real GDP Growth for the Period 2000 ÷ 2025 (including forecast)
Chart 2: Russia GDP Growth Compared to EU-27 for the Period 2000 ÷ 2025 (including forecast)
Chart 3: Corporate Tax Income in Selected Central-East Europe (CEE) and Commonwealth Independent States (CIS)
Chart 4: Physical Energy Flows Values in GW in Central-East Europe (CEE) and Commonwealth Independent States (CIS) in 2016
Chart 5: Share of Renewables in Electricity Generation in Selected Central-East Europe (CEE) Countries and Commonwealth Independent States (CIS), 2016 (in %), EuroStat
Chart 6: Average Base Load Electricity Price in Selected European Countries (EUR/MWh): 2008 - 2016
Chart 7: Forecast for RES Generation Capacity by Source Type in the EU to 2020 and 2030 (in GW), ENTSO-E
Chart 8: Net Power Generation Added Capacities in the EU 28 in 2016 (MW), Photovoltaic (Solar PV) Europe, SolarPower Europe
Chart 9: Age of Power Plants in Europe in 2016; SolarPower Europe
Chart 10: Share of New Power Generation Capacities Added in the EU 28 in 2016 (MW), WindPower Europe
Chart 11: Installed Power Generating Capacity per Year (MW) and Renewable Share (in %) 2000 – 2016, WindPower Europe
Chart 12: New Installed and Decommissioned Power Generation Capacity in the EU 27 for 2016 (GW), WindPower Europe
Chart 13: Cumulative (CAGR) Installed Capacity of Photovoltaic (Solar PV) Power Plants (in MW) in Commonwealth Independent States (CIS) 2000 ÷ 2025, including forecast
Chart 14: Cumulative (CAGR) Revenue of Photovoltaic (Solar PV) Power Plants (in Millions USD) in Commonwealth Independent States (CIS) 2000 ÷ 2025, including forecast
Chart 15: Annual Installed Capacity of Photovoltaic (Solar PV) Power Plants (in MW) in Commonwealth Independent States (CIS) 2000 ÷ 2025, including forecast
Chart 16: Annual Revenue of Photovoltaic (Solar PV) Power Plants (in Millions USD) Commonwealth Independent States (CIS) 2000 ÷ 2025, including forecast
Chart 18: Structure of Russia Wholesale Power Market
Chart 19: Share of Renewable Energy Sources (RES) Electricity from Total Installed Power Capacity in Russia in 2016
Chart 20: Russia Total Annual Electricity Consumption (in TWh) 2000 ÷ 2016
Chart 21: Russia Power Generation Capacity Breakdown by Source (Fuel) Type in 2016
Chart 22: Russia Electricity Imports and Exports 2000 ÷ 2025 (in TWh) including forecast
Chart 23: Russia Targets for Renewable Energy Sources (RES) by 2030 (in %)
Chart 24: Cumulative (CAGR) Installed Capacity of Photovoltaic (Solar PV) Power Plants in Russia (in MW) 2000 ÷ 2025, including forecast
Chart 25: Cumulative (CAGR) Revenue of Photovoltaic (Solar PV) Power Plants in Russia (in Millions USD) 2000 ÷ 2025, including forecast
Chart 26: Annual Installed Capacity of Photovoltaic (Solar PV) Power Plants in Russia (in MW) 2000 ÷ 2025, including forecast
Chart 27: Annual Revenue of Photovoltaic (Solar PV) Power Plants in Russia (in Millions USD) 2000 ÷ 2025, including forecast
Chart 28: Levelized Cost of Energy (LCOE) for Photovoltaic (Solar PV) Power in Russia
Chart 29: RUSEFF Structure
Chart 30: Cumulative Cash Flows and Break-Even Point of 5 MW Photovoltaic (Solar PV) Power Plant Investment in Russia
Chart 31: Photovoltaic (Solar PV) System Price Evolution (€/MW) 1990 ÷ 2016
Chart 32: Corporate Governance Structure of Russia Federal Grid Company
Chart 33: Districts (Service Area) Covered by Russian Grids JSC
Chart 34: Corporate Governance Structure of Inter Rao UES ?JSC

Table 1: Russia Electricity Prices for Business and Households
Table 2: Support Schemes for Renewable Energy Sources (RES) Generation in the EU Countries and CIS Countries
Table 3: Market Prices for Photovoltaic (Solar PV) Power Projects in Russia for 2016 ÷ 2025 in Development, Ready to Build and Operational (Grid Connected) Condition
Table 4: Key Cost Structure Elements of Photovoltaic (Solar PV) Power Plant in Russia
Table 5: Database with Major Operational (Grid Connected), Under Construction and Planned Photovoltaic (Solar PV) Power Projects in Russia
Table 6: Key Financial Parameters of 5 MW Photovoltaic (Solar PV) Power Plant Investment in Russia
Table 7: Key Financial Viability Indicators of 5 MW Photovoltaic (Solar PV) Power Plant Investment in Russia (IRR, NPV, Payback, Benefit-Cost)
Table 8: Project Costs and Savings (Income) Summary of 5 MW Photovoltaic (Solar PV) Power Plant Investment in Russia
Table 9: Yearly Cash Flows of 5 MW Photovoltaic (Solar PV) Power Plant Investment in Russia (Pre-tax, After-tax, Cumulative)
Table 10: Crystalline Module Price Trend in April 2017
Table 5: Limits on Photovoltaic (Solar PV) Power Installed Capacity in Russia 2014 ÷ 2024
Table 6: Limits on Capital Costs for Photovoltaic (Solar PV) Power Projects in Russia 2014 ÷ 2024
Table 7: Fixed Operating Costs for Photovoltaic (Solar PV) Power Projects in Russia
Table 8: Local Content Procurement Requirements for Photovoltaic (Solar PV) Power Projects in Russia
Table 9: Minimum Capacity Factor for Photovoltaic (Solar PV) Power Installations in Russia
Table 11: Feed-in-tariffs for Electricity from Renewable Energy Sources (RES) in Russia
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  • BISOL Group
  • Ekotechnik Praha
  • Helios Strategia
  • Hevel Solar Group
  • Martifer Solar
  • Miyota Power
  • SCHNEIDER ELECTRIC
  • Solar Systems LLC
Note: Product cover images may vary from those shown
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