Moscow hopes London High Court will deliver judgement on Ukraine’s debt to Russia soonBusiness & Economy May 26, 20:21
Hungarian top diplomat: EU must discuss anti-Russian sanctionsWorld May 26, 19:56
Russian, French top diplomats discuss preparations for Putin’s visit to FranceRussian Politics & Diplomacy May 26, 19:47
Moscow comments on Tallinn’s move to expel Russian diplomatsRussian Politics & Diplomacy May 26, 19:43
WADA: Legendary Isinbayeva suits role of ambassador for clean sports in RussiaSport May 26, 19:33
Russia working on advanced air defense systemMilitary & Defense May 26, 19:17
WADA receives Russia’s new national anti-doping planSport May 26, 19:14
Moldova’s ruling pro-European coalition breaks upWorld May 26, 19:12
Hungary not to change stance on migration under EU pressure — top diplomatWorld May 26, 18:53
ST. PETERSBURG, June 25 (Itar-Tass) —— Russian Energy Minister Alexander Novak expects low-cost renewable energy sources to appear in the years to come.
“Renewable sources of energy are our future, but they are costly right now,” Novak said at a press conference after an APEC energy ministers in St. Petersburg on Monday, June 25.
He expressed confidence that “new technologies regarding renewable energy sources can become available in the near future and they will cut the cost considerably”.
“This will happen literally within the next several years because science does not stand still and evolves rapidly,” the minister said.
Russia has set itself the task of bringing the share of renewable energy in power generation to 4.5 percent by 2020.
Russian legislation has a provision that allows companies to receive subsidies to cover a part of their expenses incurred by connection to sources of energy of up to 25 megawatts.
“The first project has already been evaluated by the Market Council and several other projects are in the pipe,” the minister added.