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Kazakhstan contracts 858 MW of renewables in 2018 auctions

Solar park in Kazakhstan. Source: EBRD (www.ebrd.com).

October 30 (Renewables Now) - Kazakhstan has awarded 857.93 MW of green power supply contracts through tenders held this year, JSC Kazakhstan Electricity and Power Market Operator (KOREM) announced.

The tenders started after the country's Minister of Energy gave the go-ahead on February 22, with the first bidding round tooking place on May 23. Originally, Kazakhstan planned to secure 1,000 MW of green power, specifically 290 MW of solar, 620 MW of wind, 75 MW of hydropower and 15 MW of biopower.

Through the course of the year, it received 3,204 MW in offers from a total of 30 companies, both local and foreign. Details on the contracted capacity by source is available in the table below.

Source Capacity Lowest price per kWh
Solar 270 MW KZT 18
Wind 500.85 MW KZT 17.39
Hydro 82.08 MW KZT 12.8
Bio 5 MW KZT 32.15

Overall, the country planned 20 auctions but due to the lack of participants and because of not achieving the minimum required volume of installed capacity, the Kazakh government cancelled seven, KOREM noted.

(KZT 100 = USD 0.27/EUR 0.23)

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Lucas is based in Brazil. He joined Renewables Now to expand coverage of the Ibero-American market, a highly attractive destination for green energy investment.

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