The adb kazakhstan first solar financing project approval

Solar photovoltaic (pv) net news: the Asian development bank will provide to 50 mw solar project in southern kazakhstan $11. 5 million in loans. The loan will provide baikonur solar ( Baikonur Solar） Company, this is a United by the UK Green Energy companies and kazakhstan sovereign wealth Fund Baiterek Venture Fund to form a joint Venture company.

the European bank for reconstruction and development ( EBRD） And clean technology fund for the project provides additional public money, about $30 million. In addition to the solar power plant, the project also includes infrastructure construction of substation and power grid connection. 1

the project marks the adb financing solar for the first time in kazakhstan. The European bank for reconstruction and development partners have several projects provided funding for the country, including the connection in January 100 mw SES Mr Saran solar projects. China Oriental nison company already in kazakhstan's eastern completed a 40 mw project, this is the first investment in the country's solar energy development of private enterprises.

according to the climate treaty of Paris, kazakhstan commitment to reducing carbon emissions in 1990 than in 2030 to 15%. Kazakhstan also plans by 2050 will have a half of the renewable energy, energy. Kazakhstan held a solar bidding in October, the distribution of the four pv projects, the total capacity of 170 megawatts.

　　“ Kazakhstan's energy sector rely mainly on coal, nearly 80% of its electricity from coal-fired power plants, most of these power have been out of date, & throughout; The adb private sector business senior investment professionals Mohammed Azim Hashimi said, & other; The bank the loan will help kazakhstan to realize the aim to increase the share of renewable energy. ”

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photovoltaic according to a recent policy discussion as a result, photovoltaic construction scale is not less than 2018; this year And, in & other; Policy to return to the market & throughout; The backdrop, in addition to the household, poverty alleviation, photovoltaic (pv) from the fixed feed-in tariff to the comprehensive competitive era. The local government & other; From the past independent distribution index became a coach and manager, in the province to lead the development of the province enterprises to carry out the national grand meeting. ” So, to support the development of the photovoltaic (pv), will launch