English (UK)
On November 19, 2024, at the COP29 international conference in Baku, Azerbaijan, the “Kun Bulagy” solar power plant (Kyrgyzstan) project with a capacity of 50 MW was presented as part of the Climate Project Showcase. This project is the first in Central Asia to be financed using the green bond mechanism and has been included in UNECE's global portfolio of climate initiatives.
The project was recognized for its unique contribution to the development of renewable energy and identified as a promising investment solution for advancing Nationally Determined Contributions (NDCs). During the session organized by the High-Level Climate Champions team, with the participation of Daniel Costa and Sagarika Chatterjee, key aspects of developing and financing climate projects, including the needs of project developers and investor expectations, were discussed.
Additionally, the project was highlighted at the "Climate Solutions Investment Opportunities" session by Aruzhan Mominbayeva, a project manager at TechnoGroupService’s Center for Green Technologies. In her speech, she emphasized the role of sustainable financing in implementing large-scale environmental initiatives like “Kun Bulagy.”
Kun Bulagy: A Pioneering Approach to Energy
The "Kun Bulagy" solar power plant will not only help reduce the carbon footprint and strengthen energy security in the region but also serve as a model for utilizing sustainable financial instruments such as green bonds. The project aims to create jobs, reduce emissions, and support local production, fully aligning with Kazakhstan's strategic sustainable development goals.
Participation in an international initiative and inclusion in UNECE's global climate portfolio underscores the project's significance for the global climate agenda. This opens up new opportunities for attracting investments and strengthening TechnoGroupService’s position as a leader in renewable energy.
The "Kun Bulagy" project demonstrates how innovative solutions and sustainable financing can drive the global energy transition. TechnoGroupService is proud of its contribution to the development of renewable energy and continues to actively pursue the implementation of ambitious climate initiatives.
