Energy challenges faced by the Eurasian Economic Commission Member States and their readiness to overcome them by joint efforts was noted by Arzybek Kozhoshev, Minister in charge of Energy and Infrastructure of the Eurasian Economic Commission, at the International Energy Forum of the Eurasian Economic Union countries called "Renewables, Innovative Solutions and Digital Transformation in the Extraordinary Economic Environment" that was held in Bishkek on March 16–17.
The Forum was organized by the Association of Women in the Energy Sector of Kyrgyzstan together with the EEC and was dedicated to expanding the use of renewable energy sources in the energy balances of the EAEU States, to digital transformation and human resources development.
The EEC Minister emphasized an active use of renewable energy sources and related processes of decarbonization and transition to low-carbon development. "One of the outcomes of transitioning to low-carbon development will be a reduced demand for organic fossil fuel and an increased role of renewables and other green energy sources," believes Arzybek Kozhoshev.
The Forum was attended by Vadim Zakrevsky, Director of the EEC Energy Department, who stressed that along with renewable energy sources, hydrogen and nuclear energy were also on the list of promising development fields.
Today, the Eurasian Five countries are actively promoting all types of renewables, both those that are relatively new, such as solar, wind, tidal, geothermal, wave, etc. energy, and traditional ones – hydropower and biomass.
On the sidelines of the Forum there were reports made by representatives of the Executive Committee of the CIS Electrical Power Council, Eurasian Development Bank, authorized public authorities, research and business communities of the EAEU countries.
In 2022, the Republic of Armenia commissioned 11 solar power plants with the total capacity of up to 65 MW; their construction was financed by the Eurasian Development Bank (EDB) in the amount of 37 billion USD. The SPP potential in Armenia is estimated at 8 GW.
In the Republic of Belarus the total capacity of renewables as of year-end 2021 was 500 MW; by 2025, it is planned to increase it to 630 MW. It was decided to promote renewables to make up 8% of the electric power output.
The Kyrgyz Republic has a great potential in the field of renewables that is estimated at 5 billion kWh*year at hydropower facilities, over 490 million kWh*year at solar facilities and 45 million kWh*year at wind facilities.
In the Republic of Kazakhstan the electric power generated by renewables exceeded the 2021 targets. Now Kazakhstan has 136 renewable energy sources with the rated capacity of 2065 MW: 40 wind power plants of 684 MW; 51 solar power plants of 1093 MW; 40 hydroelectric power plants of 280 MW; 5 biomass power plants of 8 MW. In 2021, 19 facilities were commissioned having the total capacity of 393 MW.
In the Russian Federation the combined commissions of renewable energy facilities in the wholesale and retail markets amounted to 1217 MW in 2021. In Q4 2021 alone, Russia had 12 new facilities: eight wind power stations and four solar power stations. The renewable generation capacity grew by 656.4 MW. As of year-end 2021, renewable energy facilities generated more than 5.2 billion kWh of electric power.