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Russia has potential to be very competitive in renewable energy market

Russia can be one of the most energy-competitive areas based on renewables, EurekAlert, 30 d3ec15 LAPPEENRANTA UNIVERSITY OF TECHNOLOGY A fully renewable energy system is achievable and economically viable in Russia and Central Asia in 2030. Researchers from Lappeenranta University of Technology (LUT) modelled a renewable energy system for Russia and Central Asia. Results show that renewable energy is the cheapest option for the continent and can make Russia a very energy competitive region in the future.

According to the research, a 100 percent renewable energy system for Russia and Central Asia would be roughly 50 percent lower in cost than a system based on latest European nuclear technology or carbon capture and storage. Renewable energy covers electricity and industrial natural gas demand, not, for example, transport or heating.

“We think that this is the first ever 100% renewable energy system modelling for Russia and Central Asia. It demonstrates that Russia can become one of the most energy-competitive regions in the world”, emphasises professor Christian Breyer, co-author of the study.

Moving to a renewable energy system is possible due to the abundance of various types of renewable energy resources in the area. This then enables the building of a Super Grid, which connects different energy resources of the researched area……..

The research was done as part of Neo-Carbon Energy research project, which has previously shown that a renewable energy system is also economically sensible in North-East Asia, South-East Asia, South America and Finland. http://www.eurekalert.org/pub_releases/2015-12/luot-rcb123015.php

January 6, 2016 - Posted by Christina Macpherson | renewable, Russia