Progress of kazakhstan air solar container project

How much energy does Kazakhstan generate from renewables?

According to the Ministry of Energy of the Republic of Kazakhstan, over nine months of 2024, the country increased its electricity generation from renewables by 18 percent compared to the nine months of 2023, with renewables now accounting for 6,67 percent of the national energy mix.

What is Kazakhstan's largest solar project?

Kazakhstan’s largest solar project – a 100 MW field in Saran, Karaganda Province – was opened last year by a German company, also with EBRD backing. Russian engineers doubled capacity at the EBRD-backed Burnoye plant in Zhambyl in 2018.

How has UNDP contributed to Kazakhstan's Energy Transition?

As Kazakhstan’s partner in this transformative journey, UNDP has contributed to important documents by modeling just energy transition and assessing subsidies in the energy sector. Amendments to improve legislation were proposed, developed by UNDP experts, and further adopted by the President of Kazakhstan in 2023-2024.

How can UNDP unlock green energy in Kazakhstan?

Innovative financing: the key to unlocking green energy in Kazakhstan To unlock the full potential of renewable resources, UNDP has helped Kazakhstan and introduced innovative financial instruments that attract investments.

How can green financing be improved in Kazakhstan?

As part of the joint project with the Ministry of Energy of the Republic of Kazakhstan, green bonds, financial support programmes, and site-specific renewable energy (RE) auction mechanisms were developed and implemented to increase the accessibility of green financing.

Is Kazakhstan a good place to invest in solar power?

Kazakhstan has remarkable solar potential with a very well-designed auction system, a clear renewable capacity addition schedule, and a solid decarbonisation target. The country is now also including storage systems as part of its public procurement strategy in a move that will ease further integration of renewables into the grid.