Electricity generation in the Russian Federation in 2023 will increase by 0.8%. By 2035, 15 GW of renewable energy capacity may be commissioned - Novak

Electricity production in the Russian Federation by the end of 2023 is expected to be 1.15 trillion kWh, which is 0.8% more than a year earlier, Deputy Prime Minister Alexander Novak said at a meeting of the Federation Council Committee on Economic Policy on Tuesday, November 21 .

“The situation in the electric power industry is also stable. Electricity production will be somewhere around 1 trillion 150 billion kWh - this is 0.8% more than last year, corresponding to the growth rate of consumption. There is no shortage, energy is provided in full,” he said, speaking about production forecasts in the fuel and energy sector for 2023.

According to the Ministry of Energy of the Russian Federation, the growth in electricity generation in Russia at the beginning of November in annual terms was about 1%.

Prior to this, the ministry provided estimates according to which the growth in energy consumption in Russia this year could be 1.5–1.6%.

In 2024, energy consumption in the Russian Federation may increase by 1–1.5%. Deputy Minister of Energy of the Russian Federation Evgeny Grabchak announced this the other day.

The development of green generation in Russia continues; by 2035, it is planned to commission 15 GW of new renewable energy capacity. Alexander Novak also stated this.

“We plan to introduce 15 GW of new renewable energy capacity by 2035,” he said.

Novak recalled that the energy balance in Russia is one of the greenest in the world. Including natural gas, the share of clean energy sources is 86%.

He added that eight priority projects for the construction of hydroelectric power stations in the regions of Siberia and the Far East have already been identified. To meet the growing demand in the Russian Federation for electricity, 3,300 MW of new generating capacity will be commissioned in Russia by 2030, of which 1,300 will be in the Far East, 1,200 in the southeastern part of Siberia, as well as in the South.