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The Russian government finally approved 222 billion rubles (about 3.
14 billion euros) to support wind power projects
between 2022 and 2035.
It is reported that the Russian government provides 55.
5%
of the total support funds for all renewable energy.
Nevertheless, most of Russia's leading wind power analysts believe that the allocated funds are not enough to further develop the industry
.
Igor Bryzgunov, head of the Russian Wind Energy Industry Association (RAWI), told that "tenders for the selection of wind power projects carried out in Russia since 2017 have shown a twofold reduction in capital costs in construction, which is in line with global trends
.
"
"However, for the further development of the market, the number of
investors needs to be increased.
This, in turn, will increase investors' influence on market dynamics," Bryzgunov said
.
The Russian government finally approved 222 billion rubles (about 3.
14 billion euros) to support wind power projects
between 2022 and 2035.
It is reported that the Russian government provides 55.
5%
of the total support funds for all renewable energy.
Nevertheless, most of Russia's leading wind power analysts believe that the allocated funds are not enough to further develop the industry
.
Igor Bryzgunov, head of the Russian Wind Energy Industry Association (RAWI), told that "tenders for the selection of wind power projects carried out in Russia since 2017 have shown a twofold reduction in capital costs in construction, which is in line with global trends
.
"
"However, for the further development of the market, the number of
investors needs to be increased.
This, in turn, will increase investors' influence on market dynamics," Bryzgunov said
.