Russia Solar Photovoltaic (PV) Power Market Report 2017

  • ID: 4392480
  • Report
  • Region: Russia
  • 18 pages
  • Inea Consulting Ltd
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FEATURED COMPANIES

  • Hevel Solar Group
  • Miyota Power
  • Schneider Electric
  • Solar Systems LLC
  • MORE
Russia is the largest country in the world, being 2,5 times bigger than Europe, almost 2 times bigger than the US and China, 26 times larger than France, 47 times larger than Germany and 45 times bigger than Japan. The total country area is 17,098,246 km2. The population of Russia was 144.34 million and the current gross domestic product (GDP) was $1,283.16 billion as of 2016. Russia has the world’s largest natural gas reserves, the second largest coal reserves and seventh largest oil reserves. It is the largest exporter of natural gas and since 2009 has periodically overtaken Saudi Arabia as the world’s largest oil producer. It currently supplies around 30% of the oil and 25% of the gas that the EU consumes, and is also a significant global force in the nuclear power industry. Thermal generation accounts for a very high proportion of total electricity generation in Russia. Over 60% of electricity is generated in thermal power plants, with hydro-electric and nuclear power making up the rest.

Russia solar photovoltaic (PV) power market value, which was USD XXX billion in 2016, is expected to grow to USD XXX billion in 2017, at a CAGR of XXX percent. Russia is located between 41 and 82 degrees north latitude, and solar radiation levels on its territory vary considerably. According to estimates, the average solar radiation in the remote northern regions is 810 kWh/m2 per year whereas in the southern areas it is more than 1,400 kWh/m2 per year. Solar radiation levels also exhibit great seasonal variations. For example, at latitude of 55 degrees solar radiation is 1.69 kWh/m2 per day in January, and 11.41 kWh/m2 per day in July. Gross solar energy potential is estimated at 2,300,000 mtce, technical potential at 2,300 mtce and economic at 12.5 mtce.

Solar energy potential is greatest in the south-west (North Caucasus, the Black and Caspian Sea regions) and in Southern Siberia and the Far East. Regions with significant solar resources include: Kalmykia, Stavropol, Rostov, Krasnodar, Volgograd, Astrakhan, and other regions in the south-west, as well as Altay, Maritime, Chita, Buryatia and other regions in the south-east. In some parts of Western and Eastern Siberia and on the Far East the annual solar radiation is 1,300 kWh/m2 esceeding levels in the southern regions of Russia. For instance, in Irkutsk (52 degrees north latitude) incoming solar energy reaches 1,340 kWh/m2, and in the Republic of Yakutia-Sakha (62 degrees north latitude) the figure is 1,290 kWh/m2.

Russia’s Energy Strategy to 2030 estimates a total capital investment need for all types of generation capacity (including non-renewable energy) of USD 355-544 billion up to 2030 (at 2007 prices), or on average USD 17-26 billion per year (for all types of power generation capacity). This excludes any investment in network infrastructure, which is estimated at USD 217-344 billion, or on average USD 10-16 billion per year. For renewable energy capacity (including large hydro), the required annual investment in generation capacity up to 2020 is USD 11 billion per year.

The country’s main strategy to meet the growing need of power is to reduce the energy dependency by increasing the energy efficiency, increased use of renewable resources, nuclear sources and natural gas cogeneration.

Scope:
  • Snapshot of the country’s renewable and solar photovoltaic (PV) power sector across parameters - country overview, current power and solar photovoltaic (PV) power market status, electricity market structure, key issues, future plans and strategies to meet increasing power demand, and way forward.
  • Statistics for cumulative and annual installed solar photovoltaic (PV) power generation capacity of from 2012 to 2017.
  • Statistics for cumulative and annual revenue of solar photovoltaic (PV) power plants from 2012 to 2017.
  • Break-up by power generation technology, including thermal, hydro, renewable (incl. solar PV) and nuclear
  • Data on key issues witnessed in the Russian solar photovoltaic (PV) sector.
  • Information on future plans and strategies to meet increasing power demand.
Reasons to buy:
  • Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the country’s solar photovoltaic (PV) power sector
  • Facilitate decision-making based on strong historic and forecast data
  • Develop strategies based on the latest regulatory events
  • Position yourself to gain the maximum advantage of the industry’s growth potential
  • Identify key partners and business development opportunities
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FEATURED COMPANIES

  • Hevel Solar Group
  • Miyota Power
  • Schneider Electric
  • Solar Systems LLC
  • MORE
1 METHODOLOGY AND LIMITATIONS
1.1 Research Methodology
1.2 Limitations
2 EXECUTIVE SUMMARY
3 RUSSIA SOLAR PV POWER MARKET IN 2017
3.1 Country Overview
3.2 Current Status of Solar PV Power Market in Russia
3.3 Key Issues
3.4 Investment Trends and Development Roadmap to Meat Increasing Power Demand
3.5 Cumulative (CAGR) Installed Photovoltaic (Solar PV) Capacity and Revenue
3.6 Annual Installed Photovoltaic (Solar PV) Capacity and Revenue
3.7 Support Schemes
4 CONCLUSIONS AND RECOMMENDATIONS
5 LIST OF ABBREVIATIONS
6 REFERENCES
7 DISCLAIMER

Chart 1: Solar Resource Map of Russia
Chart 2 Share of Solar PV Power from Total Installed Power Generation Capacity in Russia in 2016
Chart 3: Russia Total Annual Electricity Consumption (in TWh) 2000 ÷ 2016
Chart 4: Russia Power Generation Capacity Breakdown by Source (Fuel) Type in 2016 (incl. Renewables)
Chart 5: Structure of Electricity Power Market in Russia
Chart 6: Cumulative (CAGR) Installed Capacity of Photovoltaic (Solar PV) Power Plants in Russia (in MW) 2012 ÷ 2017, including forecast
Chart 7: Cumulative (CAGR) Revenue of Photovoltaic (Solar PV) Power Plants in Russia (in Millions USD) 2012 ÷ 2017, including forecast
Chart 8: Annual Installed Capacity of Photovoltaic (Solar PV) Power Plants in Russia (in MW) 2012 ÷ 2017, including forecast
Chart 9: Annual Revenue of Photovoltaic (Solar PV) Power Plants in Russia (in Millions USD) 2012 ÷ 2017, including forecast
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Solar Systems LLC
Hevel Solar Group
Miyota Power
Schneider Electric
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