Russia to double renewable generating capacity to 12 GW by 2030, guaranteed return put at 175 bln rubles

DUBAI. Dec 11 (Interfax) - Russia intends to double renewable power generating capacity from 6 GW to 12 GW by 2030, First Deputy Economic Development Minister Ilya Torosov said at the UN COP28 climate conference.

The installed capacity of renewable energy sources in Russia now amounts to 6.04 GW, including isolated energy systems and industrial companies' own generating facilities.

Torosov said there are 110 projects with combined capacity of 4 GW at the stage of implementation and near-term plans call for increasing capacity by another 2 GW with the selection of new projects.

The return on investment guaranteed by the government under the capacity supply agreements of the program to support renewable energy will total 175 billion rubles, Torosov said.

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