EBRD to finance two solar projects in Kazakhstan
The European Bank for Reconstruction and Development (EBRD) is planning to finance two solar projects in Kazakhstan. The projects involved are the:
- 100 MWp solar photovoltaic project located in Karaganda
- 100 MW solar photovoltaic project in Zhambyl region
The solar project in Karaganda will have up to USD 52.7 million of funding from EBRD through the setup of a special purpose vehicle (SPV) SES Saran LLP. The SPV will develop, build and operate the project. It is owned by SOLARNET Investment GmbH.
The solar project in Zhambyl region will have up to KZT 20.120 billion (US$ 53.52m) funding from EBRD while the remaining KZT 25.716 billion (US$ 68.40 m) will be provided by Asian Development Bank (ADB). M-KAT Green LLP, a special purpose entity that will act as developer and borrower for the project, is jointly owned by Total EREN (75%) and Access Infra Central Asia (25%)
Country updates
-
-
August 21, 2018
EBRD to consider financing 30 MW solar project in Kazakhstan
The European Bank of Reconstruction and Development (EBRD) has disclosed that it is considering a EUR31 million (US$35.5 million) loan for a 30 MW solar project in Kazakhstan. Project sponsors&n...
Read more -
June 13, 2018
Eni has teamed up with General Electric to build the wind project which is expected to brought online by the end of 2019
-
June 06, 2018
EBRD has arranged a financing package for the project, which includes a local currency loan of up to US$22 million in KZT equivalent, a loan of up to US$5.8 million loan from the Clean Technology Fund (CTF) and up to US$4.2 million loan from the Green Climate Fund (GCF)
-
May 23, 2018
50 MW solar project in Kazakhstan secures funding from EBRD and ADB
United 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...
Read more -
January 23, 2018
EBRD to finance 14 MW Zadarya solar project in Kazakhstan
The 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 Kaz...
Read more
