/18^th September 2020, EBRD, RENEWABLE MARKET WATCH^TM/ The European Bank for Reconstruction and Development (EBRD) is organising new financing for the construction of a 76MWp solar plant in the Karaganda region of Kazakhstan, a leader in the development of renewable energy in Central Asia, with a total installed solar capacity of 216MWp. The US$ 42.6 million package provided to the well-established German developer Joachim Goldbeck Holding GmbH will consist of an EBRD local currency loan of up to US$ 28 million (Kazakh tenge equivalent), a concessional loan of up to US$ 11.5 million provided by the Green Climate Fund (GCF), the world’s largest climate fund and a concessional loan of up to US$ 3.1 million provided by the Climate Investment Funds’ Clean Technology Fund (CTF). The new solar plant will help reduce annual CO2 emissions by more than 80,000 tonnes and contribute to meeting Kazakhstan’s national emission reduction targets as well as the EBRD’s Green Economy Transition strategy.

/18^th December 2019, RENEWABLE MARKET WATCH^TM/ The first foreign wind farm investment for Kazakhstan and the first project in the region in the field of renewable energy sources were implemented by Italian investors in the Aktobe region. The ceremony of launching the 'Badamsha-I Wind Farm' was attended by the Ambassador of Italy to Kazakhstan, Pasquale D'Avino, Akim of the Aktobe region Ondasyn Urazalin, Deputy Chairman of the Management Board of JSC “NC“ KAZAKH INVEST ”Birzhan Kaneshev, as well as Executive Vice President of Eni for the Central Asian Region Luka Vinyati.

/25^th June 2020, RENEWABLE MARKET WATCH^TM/ In the first quarter of 2020, the share of green electricity generated in the total amount of energy generated in Kazakhstan was 1.8%. This is 58% more than for the same period in 2019. Renewable energy development in Kazakhstan is accelerating. For three years, the amount of green energy generated has doubled. In 2017 renewable energy power plants in the country generated 1.1 billion kWh, while in 2019 this figure was 2.4 billion kWh. The state plans in 2020 to bring this figure to 3.15 billion kWh. According to the Kazakhstan Solar Photovoltaic (PV) Power Market Outlook 2020 ÷ 2030, electricity consumption in Kazakhstan will continue to show steady growth. Electricity consumption amid the development of the Kazakh economy shall increase by 2030 to 133.8 billion kWh, and by 2050 - to 162.7 billion kWh. The growing demand for electricity and the decommissioning of old power plants due to physical wear and tear in Kazakhstan will require significant construction of new power capacities: 10-15 GW by 2030 (which corresponds to approximately 60% of installed capacity for 2012) and 35-40 GW by 2050. This creates incredible opportunities for investors in renewable energy projects.

/17^th December 2019, RENEWABLE MARKET WATCH^TM/ The Republic of Kazakhstan lies in the Eurasian continent's centre equally distant from the Atlantic and the Pacific Oceans. With its territory of 2,724,900 km² it is the ninth largest country in the world. In the west and the north, it shares borders with the Russian Federation, in the east with China, and in the south with the countries of Central Asia – Uzbekistan, Kyrgyzstan and Turkmenistan. The national border's overall length is 12,200 km, with 600 km of them passing through the Caspian Sea. Kazakhstan has a population of 18.55 million as of 1 June 2019. There are nearly 160 oil and gas deposits in Kazakhstan, including Tengiz - one of the world’s biggest oil and gas deposits (20 trillion barrels of oil and 700 million tons of gas condensate). Kazakhstan has 160 million tons of coal reserves in 155 deposits. The country's iron ore resources (containing 50-60% of pure iron) are some of the world's best. In the last twenty years, Kazakhstan made considerable progress in implementing complex political, economic and social reforms to establish a politically stable market economy. Kazakhstan had undergone reforms in currency convertibility, inflation targeting, foreign investment policy, privatization of state enterprises, economic decentralization, de-monopolization and reallocation of resources.

/24^th August 2017, RENEWABLE MARKET WATCH^TM/ Kazakhstan will switch to the mechanism of auctions to develop renewable sources of energy from the beginning of 2018. At the end of 2016, total number of 44 countries of the world is successfully applying an auctions system instead of fixed feed-in tariff support systems. Some of the largest global energy companies will be involved in developing renewable energy power plants in Kazakhstan. Aqua Power, Eni-Agip, General Electric, Shell, SANY Group, Hydro China, and many others are among them. Kazakhstan plans to generate 50 percent of its electricity from renewable and alternative energy sources according to President Nazarbayev’s ambitious 2050 strategy. This strategy is a part of the country’s comprehensive initiative to transfer itself from one of the world’s major hydrocarbon energy producers to a model green economy.

/30^th June 2017, RENEWABLE MARKET WATCH^TM/ Specialized Expo 2017 was officially opened on 10 June in Astana, the capital of the Republic of Kazakhstan. The Expo, which is taking place on a site covering 25 hectares, will be open to the public until 10 September 2017. The BIE Member States elected Kazakhstan as the host of Expo 2017 during the General Assembly of 22 November 2012, and Expo 2017 Astana was formally recognized by the General Assembly on 11 June 2014. Expo 2017 is being organized under the theme Future Energy. This, along with the three subthemes – Reducing CO2 Emissions, Living Energy Efficiency, and Energy for All – allow the Expo to present the state of energy today and to showcase sustainable solutions and innovative technologies. Expo 2017 organizers expect over 5 million visits during the 93 days that it is open.

/10^th February 2021, RENEWABLE MARKET WATCH^TM/ This market report offers an incisive and reliable long-term overview of the photovoltaic sector of the country for the period 2020 ÷ 2030. In view of recent cuts in FIT’s announced in Germany, Spain, France, UK, Czech Republic, Slovakia, Bulgaria, Greece and Italy, the Republic of Kazakhstan represents a stable investment environment in the CIS region with clear rules, feed-in tariff support scheme and auction (tender) procedure. The current cumulative installed PV capacity in the country is insignificant, but the number of fully permitted and ready to build projects will promptly increase in 2020 and the next years. Kazakhstan is ranked 25th for Ease of Doing Business in the World Bank’s Doing Business 2020 report. The country has moved up three positions compared with the previous year. Investors prioritize Kazakhstan's strong fundamentals as its most attractive feature.

/13^th August 2018, RENEWABLE MARKET WATCH^TM/ More than 70 per cent of Kazakhstan’s electricity is produced in ageing coal-fired plants, served by the large volumes of cheap local coal in the northeast part of the country according to Kazakhstan Wind Power Market Outlook 2017÷2026. Consequently, the energy sector, in particular power and heat generation, accounts for 80 per cent of the country’s carbon emissions. Electricity in Kazakhstan is generated by 128 power plants of various forms of ownership. As of 1 January 2017, the total installed capacity of the power plants in Kazakhstan was 21,672.9 MW; and the available capacity was 18,791.4 MW. According to KEGOC in 2017 Kazakhstan saw the increase in electricity generation and consumption compared to 2016: electricity generation grew by 8.8% (or by 8.3 billion kWh) and amounted to 102.4 billion kWh; electricity consumption grew by 6% (or by 5.5 billion kWh) to 97.9 billion kWh.

/28^th November 2019, RENEWABLE MARKET WATCH^TM/ In the course of the pilot auction for 50 MW solar photovoltaic (PV) power plant in Kazakhstan there has been a record low price set for solar photovoltaic power generation. The auction was recognized to be succeeded. The auction participants' geography is represented by 6 countries, including Kazakhstan, Italy, Russia, Germany, China, and the Netherlands.