Kazakhstan is actively attracting investors to enhance the renewable energy sector. The UK intends to develop joint green projects, primarily focusing on wind and solar energy. The British side presented the UK Program Fund for Climate, Energy, and Water Security for Central Asia, with a total funding of around £20 million allocated for the next three years. Currently, green energy accounts for nearly six percent of Kazakhstan's total electricity generation. Auction trading, whose schedule has been approved in the country until 2027, will boost the development of the sector.
“Also, convenient conditions are provided for international investors, enabling them to identify specific plans of interest, as well as prepare and participate in auctions. There are plans to auction over six gigawatts of renewable energy capacities, with a significant portion allocated to wind energy, which holds great potential in Kazakhstan,” said Zhaslan Kassenov, Director of the Renewable Energy Department of the Kazakh Ministry of Energy.
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