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Economic Feasibility of Solar Energy in Russia
[Экономическая Целесообразность Развития Солнечной Энергетики В России]

Author

Listed:
  • Vera A. Barinova

    (Russian Presidential Academy of National Economy and Public Administration; Gaidar Institute for Economic Policy)

  • Kseniya V. Demidova

    (Russian Presidential Academy of National Economy and Public Administration)

Abstract

The authors of the article assess the economic feasibility of solar energy in Russian cities with a population of over 1 million people, and also offer several business models through which solar energy can be introduced in urban areas. The article uses the method of assessing the levelized cost of energy (LCOE) and the method of comparative analysis, provides an overview of international experience in the use of solar energy in cities. The authors also analyze the economic and social benefits of developing urban solar power plants. According to the results of the study, the production of solar electricity on the roofs of all largest cities in Russia can be economically beneficial for electricity consumers in retail markets right now. At the same time, the development of solar energy will also contribute to solving the problem of increasing peak loads during heat waves, reducing the need for air conditioning in buildings, solving the problem of energy shortage, reducing greenhouse gas emissions, developing the production of domestic high-tech equipment, and increasing the attractiveness of Russian cities, especially for young people. The article was written on the basis of the RANEPA state assignment research programme.

Suggested Citation

  • Vera A. Barinova & Kseniya V. Demidova, 2023. "Economic Feasibility of Solar Energy in Russia [Экономическая Целесообразность Развития Солнечной Энергетики В России]," Russian Economic Development, Gaidar Institute for Economic Policy, issue 10, pages 18-31, October.
    • Handle: RePEc:gai:recdev:r2380
    as

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    References listed on IDEAS

    as
    1. Nieto-Díaz, Balder A. & Crossland, Andrew F. & Groves, Christopher, 2021. "A levelized cost of energy approach to select and optimise emerging PV technologies: The relative impact of degradation, cost and initial efficiency," Applied Energy, Elsevier, vol. 299(C).
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    greenhouse gas emissions; renewable energy; solar energy; solar power plants; levelized cost of electricity (LCOE); grid parity;
    All these keywords.

    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • R1 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics
    • M2 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics

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