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.).

Are solar panels transforming the solar energy sector in Russia?

The solar energy sector in Russia is witnessing a significant transformation, marking a pivotal shift towards renewable energy sources. Amidst this change, solar panels have emerged as a cornerstone for solar power generation, fostering a dynamic environment for manufacturers and supply chain centers across the country.

What is Russia's largest solar energy company?

With a capacity of 20 MW, it will power about 4,000 homes and will be launched in September. The Hevel Group (" hevel " means “sun” in the Chuvash language) is Russia’s largest solar energy company, and was founded in 2009 by Renova and Rosnano, which have a 51-percent and 49-percent stake, respectively.

Does Russia have a solar power plant?

Nevertheless, in the past three years Russia has been rapidly developing solar energy. Kosh-Agachskaya solar power plant in the Republic of Altai was opened in 2014. In 2014, Russia opened its first solar power plant, and the country has 12 today. Soon the 13th will be launched.

Does Russia have enough solar energy?

There is no sun there!’ Well, our data tells us differently.” Moscow-based renewables company Unigreen Energy, which has received a government guarantee that it will be paid extra for the power it adds to local grids, said Russia has more than enough insolation — solar radiation hitting an object — to produce solar energy.

Why should solar companies attend the Russia solar energy fair?

The Russia Solar Energy Fair is another critical event for solar companies looking to expand their footprint in the Russian market. This fair brings together key players from across the solar supply chain, from solar panel manufacturers in China to local distributors and installers.