The Crimea has significant reserves of energy resources and great potential in the development of renewable energy sources.
Gas and oil production is underway, as well as electricity and heat generation. The power system of the peninsula is developed from the point of view of the power grid complex.
The generating capacity uses traditional fuels, as well as solar and wind energy. There are 4 thermal power plants in the Crimea: Simferopol, Kamysh-Burunskaya, Sevastopol, and Saki. Their total capacity is 143 MW, 6 solar power plants with a capacity of 407 MW, 6 wind farms with a capacity of 88.9 MW.
During peak hours of consumption in the region involved in power generation at the mobile stations and large enterprises.

In 2015-2016, an energy bridge was created between Krasnodar territory and the Crimea – cable lines across the Kerch Strait with a total flow of 800 MW.
Projects are being implemented on the peninsula for the construction of 2 new CCGT – TPS − Sevastopol and Simferopol − with a total capacity of 940 MW and private projects for the construction of small regional power plants.
Uninterrupted power supply in the region is provided by the largest enterprise in the energy sector – "Krymenergo".
"Chernomorneftegaz" carries out exploration, development of oil and gas fields, preparation of hydrocarbon raw materials, transportation and storage.
In order to provide natural gas to new basic generation facilities on the peninsula, "Krasnodar territory – Crimea" gas pipeline has been commissioned at the end of 2016, which will provide pumping of more than 2 billion cubic meters of gas, and up to 4 billion if the pressure increases.
"Krymgazseti" provides gas supply to consumers in the region. Gas consumption is approximately equal to its production of 1.5 -1.6 billion m³ per year. The still low level of its own generation makes the fuel and energy complex a promising industry for attracting investment to the republic.

During this period, it is planned to allocate more than 53 billion rubles to support the fuel and energy sector. In the Republic of Crimea, more than 18 investment projects worth 34.8 billion rubles are being implemented, involving the creation of capacities.