Kazakhstan partners with global institutions for green energy investments

Kazakhstan partners with global institutions for green energy investments

Several more renewable energy projects are set to be implemented in Kazakhstan. Thus, a 100-megawatt wind power station will be established in the Zhambyl region. The Asian Infrastructure Investment Bank (AIIB) will invest $36 million in the construction and operation of the green facility. The project is being developed by Chinese and Dubai-based companies and will also receive joint financing from the European Bank for Reconstruction and Development. Support will also come from the Green Climate Fund and the Clean Technology Fund. Furthermore, plans are underway for the construction of one-gigawatt wind power stations, equipped with an energy storage system, in collaboration with the French side. This project will be implemented in two stages. Meanwhile, construction is underway for another alternative energy source - a 48-megawatt wind farm in the Kostanai region. According to the QazaqGreen portal, there are currently 130 operational renewable energy facilities in Kazakhstan, including 46 wind, 44 solar, 37 hydro, and three bioelectric power stations.