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Russia's Lukoil to seek Kazakh renewables through new partnership

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

April 5 (Renewables Now) - Russian oil and gas giant Lukoil (MCX:LKOH) announced on Wednesday it has entered into a memorandum of cooperation with Kazakh ore miner Kazakhmys Holding to develop renewable energy projects in Kazakhstan.

The pair will initially consider some “promising” sites for the construction of renewable energy plants and will then make decisions on project implementation based on the alternative energy support measures approved in the country, the announcement says.

No further details were given.

Lukoil’s current green energy portfolio includes four hydropower plants (HPPs) in the south of Russia with a combined capacity of 300 MW, the 84-MW Land Power wind farm in Romania and three solar parks in Romania, Bulgaria and Russia. A couple of months ago, the company inaugurated a 10-MW solar power station in Volgograd.

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