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27
Dec

Market Analysis – Unlock Kazakhstan Renewable Energy Industry

Kazakhstan is moving to a system of procuring electrity from renewable energy sources in order to meet the domestic energy demand as well as bring down the electrity cost. As of this year, Kazakhstan has completed a series of international auction with totally 857.93MW renewables contracts to meet its goal to reach 50% renewable energy by 2050.

Renewable Energy Resources in Kazakhstan

Solar Power – 3.76 TWh Potential

Kazakhstan has 300 sunny days per year, receiving between 2200 and 3000h of sunlight per year, which equals 1300–1800 kW/m³ annually. The solar energy potential is 3.76 TWh.

According to the Ministry of Energy’s plan of Activities for Alternative and Renewable Energy, about 28 solar energy projects are scheduled for operations by the end of 2020, with a total installed capacity of 713.5 MW.

Wind Power – Economically can develop 760 GW Wind Energy

Kazakhstan’s steppe geography makes it suitable for wind energy applications and the estimated potential of wind energy that can be economically developed is about 760GW, with 50% of the country’s territory has average wind speeds of 4 – 6 m/s.

Landlocked and with weak internal transport links, the transporting of large-scale items is crucial for Kazakhstan. To develop this industry from an early stage, the government responded to this challenge by seeking external support.

Policy to Develop RE in Kazakhstan

Ministry of Energy of Kazakhstan aims to generate 50% renewable energy of its energy mix by 2050, with intermediate targets of 3% (or new 2,000 MW investment) by 2020 and 30% by 2030. In 2018, international auctions have been completed with totally 857.93 MW.

Finance

EBRD plans to invest approximately $244.2 million in Kazakh renewable energy sources (RES) attracting private and international financial investment. Fifty-two renewable energy facilities will be built through 2020, said Minister of Energy Kanat Bozumbayev

Projects Updates

In 2018, Kazakhstan has awarded 857.93 MW of green power supply contracts among 36 projects, including 290 MW for Solar Power, 620 MW for Wind Power, 75 MW for Hydroelectic and 15MW Biomass Power. Winners comes from 30 local and international companies including Kazakshtan, China, Bulgaira, Russia, France and Netherland.

 

During Feb 27-28, 2019, The Central Asia Renewable Energy Summit 2019 will takes place in Astana, Kazakstan. This summit will pave a knowledage-sharing plartform for you to discover the potential business opportunity by gathering more than 200 renewable energy leaders including GOVs, Developers, EPCs, Investors and revelant Suppliers.