Support for the Implementation of the Wind Auctions Programme in Kazakhstan (EBRD-17348)

  • Kazakhstan
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Government of Kazakhstan
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Energy
  • Technical Cooperation
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Investment Type(s)
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
Not Disclosed
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Jul 24, 2023

Disclosed by Bank Jul 14, 2023

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the Bank’s website, the Government of Kazakhstan has committed to increase the share of solar and wind based renewable energy (RE) in electricity generation from the current 3.6% to 15% by 2030 and 50% by 2050. Such plans tie-in with Kazakhstan's Nationally Determined Contribution (NDC) under the Paris Agreement, which targets reducing GHG emissions by 15% below 1990 levels by 2030.

In order to achieve the 2030 RE share target, the Ministry of Energy (referred to hereafter as "the Authorities") adopted a Concept for the development of Power sector of Kazakhstan by 2035. This focuses on: (a) developing RE zones by identifying the most promising wind and solar RE sites; (b) the building of enabling infrastructure; (c) improving the policy framework for RE auctions; and (d) moving towards site-specific auctions. The Authorities calculated that 7GW of new RE capacity is needed to achieve 2030 RE share target.

In this context, EBRD started by supporting the Government with the preparation and implementation of the first two site-specific wind auctions for 100 and 50 MW. Both were successfully awarded in November 2022 at historically low prices for wind energy in Kazakhstan.

The Authorities are interested in introducing auctions for pilot hybrid projects that combine one or more renewable energy technologies with battery energy storage systems (BESS). In this context, the Authorities are interested in conducting a pilot auction for a site-specific wind + BESS power plant (the "pilot auction" or "auction". This pilot auction will be conducted in a site in the Kostanay region for which a wind measurement campaign has already been undertaken.

Investment Description
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Contact Information
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No contact information provided at the time of disclosure.


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