RES in Kazakhstan

RENEWABLE ENERGY DEVELOPMENT IS THE POLITICAL WILL OF THE COUNTRY'S LEADERSHIP

RES development in Kazakhstan began in 2009 with the adoption of the Law of the Republic of Kazakhstan ‘On supporting the use of renewable energy sources’.

Our country has set ambitious goals for the development of renewable energy, according to which it is necessary to increase the share of renewable energy in total electricity production to 3% in 2020, to 6% in 2025, by 2030 – 15%, by 2050 to renewable and alternative energy sources should account for at least half of total energy consumption.

These indicators are fixed both in government programs and in development strategies, declared by the country’s leadership to investors and the entire world community as part of EXPO-2017 ‘Future Energy’.

TRANSITION TO 'GREEN' ENERGY: GOALS, OBJECTIVES AND ACHIEVEMENTS

Green energy market has been formed. According to the results of the 1st half of 2021, 123 facilities with a capacity of 1897 MW operated in the country

  • WPP – 31 stations with a capacity of 601.3 MW; 
  • SES – 48 stations with a capacity of 1032.6 MW;
  • HPP – 39 stations 255.08 MW – 13.4%;
  • BioPower – 5 stations with a capacity of 7.82 MW.

RES POTENTIAL TO ATTRACT FOREIGN DIRECT INVESTMENT IN THE ECONOMY OF KAZAKHSTAN

Nowadays, RES is a separately fully formed industry that has a huge potential to attract foreign direct investment in the economy of Kazakhstan.

In general, the renewable energy sector attracted 626 billion tenge of investments, 1310 permanent jobs were created, taxes in the amount of 81 billion tenge will be paid by renewable energy facilities.

It is no coincidence that by the decision of the Government of the Republic of Kazakhstan, renewable energy sources were included in the list of priority investment projects in 2020.

QazaqGreen 2023