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As the global market for sustainable energy is growing, a trend towards the development of renewable energy sources (RES) is gaining prominence. Projects related to renewable energy are globally spread and find active government support in many countries. Despite similar trends in the Russian energy sector, its specific nature that is associated with the long-Term development of traditional energy and large-scale power engineering projects creates many barriers to RES development. The article presents an interpretation of the competitiveness of Russian energy companies in terms of renewable energy development. The author presents a classification of risks based patterns that have been identified. Hypotheses about risk distribution along the stages of the life cycle of RES projects based on expert assessment are considered. The results of the study will be used for developing models and practical assessment of the competitiveness of Russian energy companies in terms of RES while taking into account the uneven distribution and varying quality characteristics of risks. © 2017 WIT Press.