Russian solar energy storage project

4 FAQs about [Russian solar energy storage project]

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 much does a solar power plant cost in Russia?

According to Russian suppliers for solar power plants (altecology.ru, 2019; Solar controller, 2020), the average cost of equipment for solar power plants with an installed capacity of 10 MW is 310 million rubles.

How many solar power plants are there in Russia?

Insolation map of Russia (Map of Insolation of Russia, 2019). At the beginning of 2020, thirteen solar power plants with a total installed capacity of more than 300 MW are already operating in this region (Solar Power Plants in the Orenburg Region, 2019).

Who develops solar energy in the Orenburg region?

The main energy companies developing solar energy in the Orenburg region are the Russian Hevel Group, including “Avelar Solar Technology” LLC, and “Renova”, including “T Plus” PJSC, as well as the Finnish company “Fortum” and the French company “Schneider Electric”.

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