English (UK)
On March 14 in Astana, a roundtable discussion titled "Financing Renewable Energy Projects in the Republic of Kazakhstan" was held, organized by the "Qazaq Green" association with the support of the global GIZ project "Capacity Development for Climate Policy in South-Eastern and Eastern Europe, South Caucasus, and Central Asia" (CDCP).
Representatives from major financial organizations participated in the event, such as the European Bank for Reconstruction and Development (EBRD), Development Bank of Kazakhstan (DBK), and the Asian Infrastructure Investment Bank (AIIB). The session took place in a hybrid format, allowing participants to attend both in person and remotely.
During the roundtable, Zh.B. Mominbayev, a partner at "TechnoGroupService" LLP raised important issues related to the current aspects of financing projects in the field of renewable energy. Key topics included discussions on the financing conditions of auctions considering low tariffs, financing opportunities for projects using domestic technologies, risks associated with energy storage system requirements when developing capacity allocation schemes for past and planned renewable energy auctions, as well as the possibility of financing projects with client-builder affiliations.
The discussion highlighted the relevance of financing issues in the renewable energy sector, especially in the context of developing projects using auction tariffs. The Chairman of the Board of Directors of the "Qazaq Green" association, N.N. Kapenov, reported on maintaining high interest rates for loans in the national currency. Roundtable participants shared their experiences and expressed readiness to develop joint solutions aimed at improving conditions for attracting investments into the industry.
The event served as a platform for dialogue among government bodies, financial institutions, and business representatives, which is a key factor for the further development and support of renewable energy projects in the region. The importance of such meetings cannot be overstated, as they contribute to the development of effective financing mechanisms and the sustainable development of the renewable energy sector in Kazakhstan.
