Russia’s Ministry of Energy has proposed an alteration to the selection procedure governing renewable energy projects for the 2025 to 2035 period. That timeframe is set for $5.1 billion state expenditure subsidizing renewables, and the first selection round will be held next year. Instead of judging projects according to unit capital costs, the Ministry’s proposal will instead see selections made according to LCOE. The existing Capacity Delivery Agreement (CDA) mechanism for investors will continue, but payment calculations will change; investors will receive income from day-ahead market (DAM) sales, supplemented by consumers’ payments for capacity. According to modelling by the NP Market Council, these changes are a boost specifically for projects with higher Capex costs per MW, as long as their…