How much does solar energy cost in Kazakhstan?

Kazakhstan electricity and power market operator JSC Korem has allocated 20 MW of PV capacity in a solar energy auction finalized this month. JSC Korem received 14 project proposals with a combined capacity of 60 MW in the procurement exercise and prices ranged from KZT16,96 ($0.0392) to KZT12,87 ($0.0297)/kWh.

How many solar power plants are there in Kazakhstan?

Solar Power: The potential of solar energy in Kazakhstan is estimated at 2.5 billion kWh per year. Solar energy can be widely used in two-thirds of Kazakhstan’s territory. The government aimed to put 28 solar power plants into operation by the end of 2021, and met this goal, with currently 51 solar power plants in operation.

Is Kazakhstan a good place to invest in solar power?

Kazakhstan has remarkable solar potential with a very well-designed auction system, a clear renewable capacity addition schedule, and a solid decarbonisation target. The country is now also including storage systems as part of its public procurement strategy in a move that will ease further integration of renewables into the grid.

Will there be another 20 MW solar auction in Kazakhstan?

The Kazakh authorities allocated 20 MW of PV capacity in the procurement exercise and said another 20 MW solar auction will be held next year. Kazakhstan has currently an installed PV capacity of over 1.7 GW. Kazakhstan electricity and power market operator JSC Korem has allocated 20 MW of PV capacity in a solar energy auction finalized this month.

Can solar power drive Kazakhstan's Energy Transition?

However, Kazakhstan’s solar ambitions do not fully tap into its potential, and the technology could play a far larger role in the country’s energy transition due to its low cost and flexibility. The focus now is on leveraging solar’s comparative advantages to drive forward Kazakhstan’s decarbonisation and harness its significant solar resources.

How much does a solar project cost in KZT?

In the first solar auction, held in 2018, JSC Korem selected four PV projects totaling 170 MW and the lowest bid was KZT18.6/kWh. In a second, 50 MW procurement exercise held a year later, the total allocated power was 50 MW and the lowest price was KZT 12.49.