Connect with us

Hi, what are you looking for?

CleanTechnica

Clean Power

Russia Imposing Fines On Solar Developers Behind Schedule?

It seems that the recent delays in commissioning various new solar photovoltaic (PV) power plants in Russia won’t go unpunished, according to recent reports. The Russian state will apparently be imposing large fines on a number of large developers that have failed to meet their deadlines.

The move is following on the fact that — as noted recently by a spokesman for the Russian Ministry of Industry and Trade — out of the many investors who were the recipients of high tariffs for the development of solar PV plants in the country, not even one commissioned a project in 2014.

Image Credit: Russian Flag via Flickr CC

The plans had been for 3 new solar projects — altogether with a total capacity of 35.2 megawatts (MW) — to be commissioned by December of last year. Owing to a variety of factors, these goals weren’t met — with difficulties in securing loans + sourcing/localization issues being the most common ones.

The localization issues are partly due to the fact that Russia is requiring that companies that participate in the country’s solar energy tenders source at least 50% of their equipment/materials locally — this number will rise to 70% in 2016.

According to Russian officials (based on current legislation), the developers that have run significantly late face penalties in the amount of up to 25% of the total cost of the power plant in question — which in this case means penalties as high as $10 million.

One of the companies facing these fines is one of the largest solar energy developers in the country, Energiya Solntsa — which was supposed to commission two 15 MW solar PV projects last year. These two projects are currently expected to be commissioned sometime this year. Reportedly, the reason for the companies running behind schedule are the localization requirements.

Image Credit: Russian Flag via Flickr CC

 
 
Appreciate CleanTechnica’s originality? Consider becoming a CleanTechnica member, supporter, or ambassador — or a patron on Patreon.
 
Sign up for our free daily newsletter to never miss a story.
 
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

New CleanTechnica Podcasts

Written By

James Ayre's background is predominantly in geopolitics and history, but he has an obsessive interest in pretty much everything. After an early life spent in the Imperial Free City of Dortmund, James followed the river Ruhr to Cofbuokheim, where he attended the University of Astnide. And where he also briefly considered entering the coal mining business. He currently writes for a living, on a broad variety of subjects, ranging from science, to politics, to military history, to renewable energy.

Comments

#1 most loved electric vehicle, solar energy, and battery news & analysis site in the world.

 

Support our work today!

Advertisement

Power CleanTechnica: $3/Month

Tesla News Solar News EV News Data Reports

Advertisement

EV Sales Charts, Graphs, & Stats

EV Press Releases

Advertisement

Our Electric Car Driver Report

30 Electric Car Benefits

Tesla Model 3 Video

Renewable Energy 101 In Depth

solar power facts

Tesla News

EV Reviews

Home Efficiency

You May Also Like

Clean Transport

In a number of articles, I’ve been using A Better Routeplanner to simulate what an Aptera and other future 1,000-mile EVs would be able...

Cars

Now that readers helped me find data on China's DC Fast Charging (DCFC) infrastructure, I'm ready to see if a vehicle like the Aptera...

Cars

Why government offices and corporations are so vulnerable and how your car (whatever brand it is) won't fall to hackers as easily.

Clean Power

So far, more than 189 countries ratified or otherwise joined the Paris Climate Agreement, representing more than 81% of global greenhouse gas emissions and 93% once the United...

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.