Renewables
State policy
Since the Russian Energy Strategy to 2030 was adopted in 2009 , the Russian legal and regulatory framework has improved but still remains inconsistent, with the renewable energy sources (“RES”) generation target being revised several times.
Currently, the target set by the Russian Government is 6% by 2035, excluding large hydropower plants of more than 25MW.
As of 1 January 2026, the RES share amounts to 2.82% of the country’s total installed power capacity of about 270GW.
The Russian legal and regulatory framework sets the rules on wholesale and retail energy trading, and offers certain incentives.
Subsidy scheme and incentives
In 2011, a support mechanism was introduced by the Law on Electricity: the promotion of RES through the capacity market. This scheme aims to ensure the financial viability of investments into renewables by concluding “Capacity Supply Agreements” with RES project developers.
The legal framework for this scheme was further developed in 2013 under Russian Government Decree No. 449 dated 28 May 2013 (“Decree 449”). Decree 449 establishes the regulatory mechanisms for selecting new RES projects and for their capacity supply agreements. Under a capacity supply agreement, the supplier undertakes to construct RES generation facilities in the relevant region. Once constructed, the project enjoys a long-term beneficial capacity price, which aims to guarantee returns on investments (with a 12% profit margin) over 15 years. The capacity to be produced by such facilities is selected by way of annual tenders for renewables at a price that is usually several times higher than the price for existing conventional capacity.
In March 2021, a new regulation governing the activities of the renewable energy market for the period from 2025 to 2035 was adopted.
The new regulation has generally maintained the existing capacity supply scheme implemented under Decree 449. However, it imposes additional requirements on manufacturers and suppliers in terms of increased local content ratio and target value of products to be exported.
More specifically, the bidders must provide a technical and commercial description of the project, including the percentage of localisation (local content), export commitments as well as ratio between the required annual proceeds from capacity and power sales, and planned annual volumes of power generation (efficiency rate of generating facilities). On that basis, the trading system administrator will select the winning bids, and a relevant RES capacity supply agreement will be signed. After completion of the construction, the authorities check that the generating facility meets certain requirements, such as those relating to the localisation of the equipment installed on the generating facility.
Also, since 2024, the qualified RES producers can sell the green attributes of the produced low-carbon power via power purchase agreements or guarantees of origin (green certificates) to partially return their investments. However, demand on such green attributes remains low since they cannot be used abroad so far.
Various other financial, legal and tax incentives are available at the local, regional and federal levels, depending on the specifics of a particular RES investment project (e.g. region of investment and degree of localisation, type of capital expenditure, legal and project financing structure such as a special investment contract (SPIC).
Outlook
Russia has the potential to increase the use of all types of renewable energy technologies. Historically (since the Soviet period), it has a well-developed hydropower segment. Its bioenergy potential is also significant, as this technology is used in the agriculture, forestry, infrastructure and trade sectors.
More generally, there are a number of drivers in Russia that explain the increasing focus on renewables and decentralised energy. New energy solutions are seen as a way to modernise the power system and meet the recently declared goals of decarbonisation of the economy. However, they are also a part of a broader socio-economic development model to achieve higher living standards. In addition, a decentralised electricity generation system is of interest to Russia’s remote and distant regions, as it is economically impractical to extend high-voltage electricity lines to these regions.
Furthermore, decentralised electricity generation is also attractive for industrial complexes. It offers opportunities and allows them to become more independent from the centralised power system. The current situation of relatively high electricity prices is another reason to explore new energy solutions.
Finally, in response to the sanctions imposed, Russia’s local content requirements have become one of its main economic policy drivers supporting inbound investments and technology transfers to develop local innovative technologies, including in the RES sector.