Commonwealth of Independent States (CIS)

/18th September 2020, EBRD, RENEWABLE MARKET WATCHTM/ 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…

/25th June 2020, RENEWABLE MARKET WATCHTM/ 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…

/11th March 2020, RENEWABLE MARKET WATCHTM/ The adoption of renewable power plants (especially solar and wind) in the Commonwealth of Independent States (CIS) will lead to a significant reduction in the region’s carbon footprint while saving natural gas for future or other use. In most CIS states, energy conservation is considered one of the main ways to ensure energy security. After the USSR's disintegration, the newly independent states faced severe challenges that had suddenly emerged in the energy sector. These challenges were related to providing a sustainable power supply. One…