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.).

How many solar power plants are there in Russia?

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. These are power plants that are part of the national unified energy system.

Is solar energy on the verge of a major expansion in Russia?

Vadim Braidov / TASS Solar energy in Russia might be on the verge of a major expansion, thanks to a government support program for renewable energy sources, industry experts told The Moscow Times. Russia, the world’s fourth-largest emitter of greenhouse gases, has historically relied on its vast oil and gas reserves to bolster its economy.

Why did Russia start building solar power plants?

Buribaeyvskaya solar plant in Bashkortostan. Russia began building solar power plants not because it was in vogue, but because their increasing effectiveness made them profitable in regions that are very remote from traditional energy sources, and which at the same time have much sunshine.

Could a hybrid solar-diesel power station help Russia's Arctic settlements?

“Most Russian regions have high insolation — above 1,000 — the level required to generate energy,” the company said in a statement. Both Unigreen and HEVEL experts said Russia’s many Arctic settlements could benefit from hybrid solar-diesel power stations that would cut costs and solve supply chain and shortage problems.