EBRD and Green Climate Fund commit to finance 100 MWp solar PV project in Kazakhstan
The EBRD and Joachim Goldbeck Holding GmbH have signed loan and project support agreements for the construction of a 100 MW solar plant in the Karaganda region of Kazakhstan.
The financing package arranged by the EBRD includes a local-currency loan of the equivalent of up to US$51.3 million, as well as a loan of up to US$22.2 million from the Green climate Fund.
The solar park project will be implemented by SES Saran LLP, a special-purpose company incorporated in Kazakhstan and owned by the German group Joachim Goldbeck Holding GmbH. The facility will help reduce CO2 emissions by 93,500 tonnes per year and contribute to Kazakhstan’s national emission reduction targets.
Country updates
-
-
November 02, 2018
Kazakhstan awards over 850 MW capacity in 2018 renewables auctions
Kazakhstan Electricity and Capacity Market Operator (KOREM) has announced that it has contracted 857.93 MW of renewable energy this year through auctions.
Read more -
October 24, 2018
Eni to start building the Badamsha wind project in Kazakhstan’s Aktobe region
Eni SpA will commence the construction phase of its 48 MW Badamsha wind farm located in Kazakhstan’s Aktobe region by the fourth quarter of 2018. Eni took the Final Investment Decisi...
Read more -
October 19, 2018
Three different companies including Shell and Hevel win a solar auction in Kazakhstan
Three different companies, including Royal Dutch Shell Plc and Russian group Hevel, have won in a solar auction in Kazakhstan. The auction has attracted 28 applications for a total volume of 1,270.2...
Read more -
October 18, 2018
EBRD to finance 28 MW solar project in Kazakhstan
The European Bank for Reconstruction and Development (EBRD) has announced that it has signed loan and project support agreements for a new solar plant to be built in southern Kazak...
Read more -
October 15, 2018
Kazakhstan awards 61.5 MW of hydro capacity
3 projects with a combined power capacity of 61.5 MW have won hydropower tender in Kazakhstan. During the bidding process, five companies submitted bids for 101.08 MW of projects, with individual pro...
Read more
