Total Eren has signed a Memorandum of Understanding (MoU) with the Ministry of Energy of the Republic of Kazakhstan, the National Wealth Fund Samruk-Kazyna, and the National Company KazMunaiGas. According to the MoU, the parties will closely work on the development, financing, construction, and operation of hybrid power plants deploying 1 GW wind energy combined with 500 MW-1 GWh of energy storage system to be located in central Kazakhstan. It is the largest renewable energy project coupled with storage ever initiated by a private renewable IPP in the country.
The project will provide reliable power and additional energy independence to the country while fostering innovative technologies with battery storage and competitive electricity supply.
It will consist of about 200 wind turbines totaling 1 GW of installed capacity, coupled with a very large battery storage system (500 MW-1 GWh) provided by Saft. The project will produce about 3,800 GWh annually for 30 years, enough to supply more than 1 million people in Kazakhstan every year with low-carbon electricity, while reducing CO2 emissions by about 3.2 million tons per year.
Kazakhstan Electricity and Capacity Market Operator (KOREM) has announced that it has contracted 857.93 MW of renewable energy this year through auctions.
Read moreUnited Green, a privately-owned strategic investment group, has secured a debt financing package to fund the construction of a 50 MW solar power plant in Baikonur in central Kazakhstan from the European Bank for Reconstruction and Development (EBRD), Clean Technology Fund (CTF) and the Asian Development Bank (ADB).
Read moreThe EBRD is supporting French company Urbasolar SAS in its plans to build a 14 MW solar power plant in Kazakhstan. The Zadarya solar park will be located in the South Kazakhstan region, near the city of Shymkent.
Read moreThe European Bank for Reconstruction and Development (EBRD) has announced the signature of a mandate letter for the co-financing of a new solar plant in Kazakhstan near the world-famous space centre in Baikonur.
Read moreThe EBRD is financing the 50 MW Burnoye Solar-2 project in Kazakhstan in partnership with the multilateral Clean Technology Fund (CTF).
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