LUKOIL invested in renewable energy in 2021 by 8.5% and 3.8 times more than in 2020 and 2019.

LUKOIL’s investments in the development of renewable energy sources (RES) amounted to 2.023 billion rubles in 2021, which is 8.5% and 3.8 times more than in 2020 and 2019, respectively. This follows from the company’s sustainability report published on the company’s website.

In 2019, this figure was at the level of 526 million rubles, and in 2020 – 1.865 billion rubles.

The share of investments in development from capital expenditures in the Electricity business sector was 18% compared to 37% in 2020 and 12% in 2019. Last year, 13.8% accounted for income received from the sale of electricity generated from renewable energy sources, 13.9% in 2020, and 11.7% in 2019.

Low-carbon energy is supplied to consumers and is also used for the group’s own production needs. From September 1, 2021, electricity generated from the first stage of the Volgograd SPP with an installed capacity of 10 MW is supplied to the petrochemical complex of Stavrolen LLC, from the beginning of 2022, supplies of „green” electricity under direct contracts began from the second stage of the Volgograd SPP with an installed capacity of 20 MW at Nizhny Novgorod Oil Refinery. Another SPP with an installed capacity of 2.35 MW is being built on the territory of the Krasnodar CHPP. Thanks to the active development of solar generation in the LUKOIL Group, the installed capacity of solar power plants has increased over five years from 10 to 41 MW, and the consumption of energy generated by solar power plants by the company’s organizations has increased from 1.5 to 15 million kWh.

Since 2021, electricity generated by hydro-generating facilities of OOO LUKOIL-Ekoenergo has been supplied to filling stations of OOO LUKOIL-Yugnefteprodukt located in the Krasnodar Territory under direct contracts in the retail electricity market. The Krasnodar Territory is included in the pilot list of territories and roads of federal importance, where charging infrastructure for electric transport will be created in accordance with state plans, including on the basis of a co-financing mechanism from the Russian Ministry of Energy. This creates the prerequisites for expanding the use of electric chargers at the group’s gas stations in this region, NC notes.

Last year, the modernization of a small hydroelectric power station on the Beshenka River in the Krasnodar Territory continued. The project is aimed at restoring the operation of the hydroelectric unit and organizing remote control of generating equipment and water intake. In addition, a trial remote start-up and monitoring of the operation of a small hydropower plant from the Tsimlyanskaya HPP was carried out, the completion of the project is expected in 2022. A small hydropower plant with a capacity of 1.5 MW is included in the hydropower complex of the Krasnopolyanskaya HPP and belongs to small hydropower facilities.

Steve Walker

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