EBRD funds 30 MW solar PV project in Kazakhstan
The European Bank for Reconstruction and Development (EBRD) has provided a senior loan of KZT4.4 billion (US$11.7 million) to Zhangiz Solar LLP, a special purpose vehicle set up by government for the development, construction, and operation of a 30 MW solar photovoltaic plant located in Zhangiztobe, in the East Kazakhstan region.
The EBRD's financing is also complemented with US$5 million co-financing from the Green Climate Fund.
The solar project is currently developed by Universal Energy. Once completed, the PV farm is expected to generate over 38,900 MWh of electricity per year and will help to reduce CO2 emissions by 31,650 tons per year.
Country updates
-
-
March 21, 2019
EBRD considers to support the 30 MWp Kazakh solar project
The European Bank for Reconstruction and Development (EBRD) is now on final reviews for the application from China’s Universal Energy Co Ltd, through its unit, Zhangiz Solar LLP for th...
Read more -
March 05, 2019
ADB signs loan for 50 MW solar PV project in Kazakhstan
The Asian Development Bank has signed a US$11.5 million loan in tenge equivalent with Baikonyr Solar Limited Liability Partnership to support the development of solar power in Kazakhstan and further e...
Read more -
February 28, 2019
Hevel secures EUR56.2 million financing for solar project in Kazakhstan
The Eurasian Development Bank (EDB) and Hevel Kazakhstan signed a EUR56.2 million (US$63.96 million) long-term multi-currency loan facility agreement to finance the construction of solar power plants...
Read more -
February 11, 2019
EBRD considering financing for 50MW solar project in Kazakhstan
EBRD is reviewing the provision of financing to KazSolar 50 LLP for the construction of a 50MWp solar power plant in the Karaganda area of central Kazakhstan in the form of an up to US$ 26 millio...
Read more -
January 31, 2019
40 MWp solar plant in Karaganda region goes online
Risen Energy Co Ltd has announced that it has put online the 40 MW photovoltaic solar project in Karaganda region, Kazakhstan. The Risen Energy is a solar module producer based in China. The project...
Read more
