June 21 (Renewables Now) - Chinese solar manufacturer JinkoSolar Holding Co Ltd (NYSE:JKS) on Tuesday announced an order for the supply of 50 MW of polycrystalline photovoltaic (PV) modules for the Burnoye-2 project in Kazakhstan.
The project in the southern Zhambyl region is the second phase of the 50-MW Burnoye Solar-1, described as Kazakhstan's first utility-scale renewable energy project. The entity behind the two projects is a joint venture between UK-registered investment firm UG Energy Ltd and Samruk-Kazyna Invest, a division of the sovereign wealth fund of Kazakhstan.
Burnoye-2 was last summer financed by the European Bank for Reconstruction and Development (EBRD) with a local currency loan equivalent to up to USD 44.5 million (EUR 38.4m). Apart from the up to USD-80-million investment from the project’s owners, construction of the solar park will be backed by financing from the Clean Technology Fund (CTF), according to EBRD.
According to Gener Miao, vice president of JinkoSolar, Kazakhstan possesses “significant renewable energy potential,” particularly solar. The Asian country aims to source up to 50% of its electricity from renewables by 2050.
(USD 1.0 = EUR 0.863)