Kazakhstan, UNDP implement joint projects to develop green energy

Kazakhstan is developing green energy, with plans to increase the share of renewable energy sources (RES) in its energy balance to 24.4 percent by 2035, up from the current 6.5 percent. Several projects are being successfully implemented, particularly in collaboration with the UNDP. Through this program, investment risks in the sector have been reduced by 40 percent, and $5 million in private investments have been attracted through auctions and green bonds. To date, 60 small and medium-sized businesses have received preferential loans to adopt green technologies. Among the successful examples is a biofuel production facility in Petropavl.

«We received support in the form of reimbursement for part of our expenses. We built the premises, purchased equipment, and part of the financial burden was offset by the UNDP. This assistance reduced our production costs,» said entrepreneur Ilya Pampur.

Experts highlight the impact of recent amendments to the law on supporting the use of RES, which have removed barriers and will enable entrepreneurs to sell surplus green energy without needing to register as a legal entity. In turn, energy transmission organizations will have to provide free access and connection to power grids.

«Now businesses can install solar stations with a capacity of up to 200 kilowatts on their roofs, use the electricity for their own needs, and sell the surplus to the grid at a set rate. Thanks to the bill signed by the Head of State on June 19, we expect to see significant progress in the next couple of years,» noted UNDP Project Coordinator in Kazakhstan Adambek Nurzhan.