The Moscow-based investment consultancy Iva Partners’ department director Artyom Tuzov offered the assessment that “wind energy business in Western countries is developing through subsidies. The intent is to replace energy generation based on imported resources with local resources. The goal of such [wind power] construction projects was not to make money and achieve high profitability but to receive subsidies,” Nezavisimaya Gazeta quoted him as saying, via the TASS Nov. 1 media review.
“In Russia, the wind power industry is based on the principle of cost recovery. No one launches projects in areas where they do not necessarily make economic sense. On the contrary, economic actors choose places where the highest possible profitability can be achieved. In particular, those include Russia’s remote regions where the government subsidizes fuel deliveries. The cost of wind and solar energy is significantly lower there than that derived from fuel oil and coal, which have to be brought to those areas.”
