The Kazakh solar market is steadily growing amid investment from regional development banks and independent power producers. Total Eren said the 128 MW of generation capacity is just the first of its projects in central Asia.
With the project, the Norwegian developer has 282 MW under construction and project backlog of 123 MW in Ukraine. The 55 MW Chigirin project will benefit from the generous feed-in tariffs which have secured membership of the gigawatt club for the eastern European nation.
The nation’s renewable energy legislation will be updated to expand net metering for projects connected to the medium voltage grid, paving the way for a wave of decentralized installations.
The European Bank for Reconstruction and Development is seeking consultants for a feasibility study for the project. The plant would be constructed on land owned by the Banque du Liban.
The European Bank for Reconstruction and Development has acquired a $100 million stake in a Turkish renewable energy company as part of its ongoing efforts to diversify clean energy in the country away from hydro power.
Under the supervision of the European Bank for Reconstruction and Development, the Georgian authorities will identify a site for a 50 MW solar project. Tblisi is also seeking help to define an auction mechanism for renewables.
The Saudi-owned developer has announced an ambition to have installed 5.8 GW of renewables capacity by 2024 and took a small step in that direction with its 66.7 MW Al Safawi Solar Plant.
The nation has plans for two ambitious renewable energy tenders but the procurement process is dragging and Lebanese institutions lack experience in designing such schemes. A solution will be provided by Europe.
The association that represents developers operating at the 1,465 MW solar project in Egypt – due for completion in June – say they have been told nothing about a rumored rise in investment costs caused by more expensive construction materials.
Black Sea and European lenders have loaned €19.1 million each to a 57 MW solar plant in southern Ukraine, as the country scrambles to renew its electricity sector. The EBRD is committed to lending €250 million to renewables projects in Ukraine to help the country to meet its 11% clean energy target for 2020.
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