Russia inaugurates its biggest ever renewable energy auction

Russia inaugurates its biggest ever renewable energy auction

Russia is aiming to kickstart its renewables industry by auctioning off contracts to companies willing to purchase 1.9GW of clean electricity, in its biggest ever tender for renewable energy.

The government tender will run from May 29 to June 9 in two stages, and has attracted the interest of Finland’s largest energy company Fortum Oyj, along with Enel SpA of Italy.

Adnan Amin, director-general of the International Renewable Energy Agency (IRENA), said: “Russia has had a long history of leadership in the energy sector and now has the opportunity to extend that leadership into renewable energy.”

In particular, recent focus within the colossal Eurasian nation has been attributed to developing the wind power sector, with State-owned nuclear company Rosatom announcing it will make turbines.

Rosatom will retool existing factories in order to produce turbines, while also seeking to establish partnerships with leading European manufacturers including Siemens, General Electric and Vestas Wind Systems.

@RGNonline