June 8 (Renewables Now) - The Russian energy ministry is considering the possibility of continuing support for renewable energy generation after 2024, when the current programme which guarantees a return on investment expires, Russian news agency TASS reported this week.
Alexei Teksler, First Deputy Minister of Energy, was cited as saying that there is consensus in the ministry on continuing support and it is currently discussing the size and scope of assistance.
According to him, extending the renewable energy support programme will help local energy engineering businesses, including in starting to export equipment to international markets.
Teksler also said Russia expects to add more than 300 MW, probably 500 MW, of renewable energy power plants in 2018.
At this year's selection of renewable energy projects, about 1,250 MW will be allocated, including 830 MW of wind, he noted. Perhaps this will be the last major selection, Teksler added.