In Short : The Asian Development Bank, AIIB, and the energy ministries of Azerbaijan, Kazakhstan, and Uzbekistan signed an MOU to support a feasibility study for the Caspian Green Energy Corridor. The project aims to enhance cross-border green energy trade, interconnect regional power systems, and promote sustainable energy transmission from Central Asia to Europe, fostering […]
ADB Raises 15.6 Billion Tenge via Two Gender Bond Issues in Kazakhstan – EQ Mag
MANILA, PHILIPPINES : The Asian Development Bank (ADB) has raised 15.6 billion Kazakhstan tenge (KZT) (around $34 million) from two local-currency gender bonds issued simultaneously in onshore and offshore markets. The proceeds will be used to finance ADB’s Gender Equality in Housing Finance project that aims to expand the lending operations of Housing and Construction […]
ADB Study to Identify Energy Transition Opportunities in Kazakhstan – EQ Mag
ASTANA, KAZAKHSTAN : The Asian Development Bank (ADB) has begun exploring opportunities to accelerate the retirement of coal and other fossil fuel plants in Kazakhstan and replace or repurpose them with clean energy under the bank’s Energy Transition Mechanism (ETM) program. Following a request from the Ministry of Energy of Kazakhstan, ADB has initiated a […]
Peacekeepers sent to Kazakhstan amid state of emergency, protests over energy prices – EQ Mag Pro
A Russian-led military alliance Wednesday night said it will be sending peacekeepers to Kazakhstan where a state of emergency was declared earlier in the day for the capital city of Nur-Sultan and its largest city, Almaty, after protests over energy prices turned violent. Nikol Pashinyan, the prime minister of Armenia and chairman of the Collective […]
Saudi Solar Company Expands its Investments to France, Greece and Kazakhstan
Desert Technologies, one of the world’s leading companies in the field of renewable energy, recently signed an agreement with contracting companies for the construction of a 12 MW solar photovoltaic plant on the Greek island of Trifyila. The project is Desert Technologies’ first investment in the Greek market with a capacity of 12 MW and […]
Kazakhstan Unveils Ambitious Green-Hydrogen Project
Kazakhstan hopes to build the world’s largest green-hydrogen project, which could – in the distant future – help Nur-Sultan meet its clean-energy promises. Swedish-German renewables firm Svevind unveiled plans last month for 45 GW of wind and solar capacity in central and western Kazakhstan. Financing has not yet begun and the joint announcement with the […]
World’s Largest Green Hydrogen Plan to Tap 45 GW of Wind And Solar in Kazakhstan
German developer Svevind Energy has signed a memorandum of understanding with Kazakh Invest National Company with the aim of developing 45GW of wind and solar to feed green hydrogen production in Kazakhstan. The projects would be built mainly in the steppe areas in Western and Central Kazakhstan for 30GW of electrolysers to produce about 3 […]
Sungrow Strengthens Position as Kazakhstan’s Number One Inverter Solution Provider with Another 100MW Added
BALKHASH, Kazakhstan: Sungrow, the global leading inverter solution supplier for renewables, announced today that it will be supplying its inverters to Kazakhstan’s 100MW Balkhash solar power project, further strengthening its position as Kazakhstan’s number one inverters provider. The 100MW Balkhash project will be implemented by KAZ GREEN ENERGY LLC and built by local EPC TechnoGroupServices LLC in the Konyrat […]
EQ Webinar on Kazakhstan Solar Market 2021 Outlook
Tariff Reduced to $0.035 per KWh in Kazakhstan Solar Auction
JSC Korem Allocates 147.95 MW In Renewable Energy Auction, Awarding 60 MW To Solar PV Capacity; Lowest Winning PV Tariff Down 14.1% Over Capped Tariff; Hevel Solar Wins 40 MW KEY TAKEAWAYS Kazakhstan has selected winners of a 250 MW renewable energy auction for the year 2020 The oversubscribed auction finally awarded 147.95 MW as […]