KAZAKHSTAN AIMS FOR MAJOR GROWTH IN RENEWABLES
Technological advancements are dramatically improving solar storage container performance while reducing costs. Next-generation thermal management systems maintain optimal
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.
Back in 2015, Astana was predicting installed solar capacity by the end of 2020 to reach 714 MW. A government report last month said solar capacity had reached 467 MW. Indeed, renewables are still small fry in Kazakhstan. Today solar accounts for 56 percent of the country's total renewable capacity.
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.
The focus now is on leveraging solar's comparative advantages to drive forward Kazakhstan's decarbonisation and harness its significant solar resources. This report builds on the first edition of solar investment opportunities in Kazakhstan.
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