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In 2012, Russia’s total electricity generated in nuclear power plants was 17.78% of all power generation. Russia has also made plans to increase the number of reactors by 11 by the year 2030. Russia had hopes to dominate the business of exporting nuclear power plants worldwide. As of 2017, its share of the market reached 60 percent after concluding contracts with India, Turkey, Egypt, and Hungary for the construction of new plants and technical cooperation. Russia is moving forward with its plans to expand the role of nuclear energy.
Hydroelectric power represents about a fifth of Russian power generation and is currently the most outstanding renewable source. At the end of 2015, the total installed renewable power generation capacity reached 53.5 gigawatts, 51.5 of which came from hydroelectric power. Hydropower is continuing to increase in Russia, it grew by three-times its size from between 2000 and 2010 to 2012-2013. Russia does not use a lot of renewable energy, but they do utilize hydroelectric power.
Because of its abundant natural resources, Russia is one of the main energy exporting countries in the world, and its economic growth is driven by energy exports. Even though it is mainly focused on fossil fuel, Russia also has various sources of biomass including organic waste of the timber processing and organic waste of agriculture business. Russia has a big potential for biomass because the agriculture companies produce an excessive amount of waste each year.
Wind power in Russia is known for small-scale use, but the country has not developed large-scale wind energy production. Most of its current wind production is located in agricultural areas with low population densities, usually where connection to the main energy grid is difficult. The goal for the country is to have 4.5 percent of its energy come from renewable resources by 2020. Solar energy is basically not existing in Russia, despite its large potential. The first Russian solar plant was opened in November 2010. The southern parts of Russia have the greatest potential for solar energy and Russia plans to set up an overall solar capacity of 150 megawatts by 2020. Solar energy has a very high potential in Russia, but it is currently only being used in very small amounts.
There have been areas discovered in the Kamchatka Peninsula that have a high potential for geothermal energy. Exploration has shown that the discovered resource could provide the peninsula’s total demand for both heat and electricity for about the next 100 years. Geothermal energy is not being utilized in large amounts, but it has good potential.
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