Russia’s renewable capacity to reach 18.4GW by 2035, forecasts GlobalData

Core Insights - The report provides a comprehensive assessment of the Russian electricity sector, focusing on market trends, regulations, and competitive landscape up to 2035 [1][2] Installed Capacity and Generation - The report analyzes installed capacity in gigawatts (GW) and electricity generation in terawatt-hours (TWh) from 2020 to 2025 and forecasts from 2026 to 2035 [2] - Total renewable power capacity is projected to increase from approximately 9.8GW in 2025 to around 18.4GW by 2035, with a compound annual growth rate (CAGR) of about 6.5% [3] Renewable Energy Growth - Renewable capacity growth is facilitated by the Capacity Supply Agreement framework, which offers fixed capacity payments for selected wind and solar projects for up to 15 years, enhancing revenue predictability for investors [4] - Onshore wind capacity is expected to rise from around 4.3GW in 2025 to approximately 10.2GW by 2035, while solar photovoltaic (PV) capacity is projected to increase from about 3.1GW in 2025 to nearly 5.3GW by 2035 [5] Thermal and Nuclear Generation - Thermal generation, particularly natural gas, dominates Russia's capacity mix, with gas-fired capacity projected to increase from around 143.5GW in 2025 to approximately 151.2GW by 2035 [6] - Nuclear capacity is expected to expand from about 26.8GW in 2025 to around 28.6GW by 2035, maintaining its strategic role in Russia's energy planning [6]