Kazakhstan focuses on development of green economy
The switch to a green economy has been trending in recent years. Kazakhstan focuses on the development of renewable energy field as well. The country keeps implementing alternative energy projects. Wind power plants are being built in Almaty and Akmola regions. One of them is being constructed in Enbekshikazakh District and will consist of 24 wind turbines with a total capacity of 60 MW, substations and power lines. Construction and installation work has begun at the facility's production site. The wind power plant is expected to generate 225,750 kWh of electricity per year.
Another wind power station is located in the town of Ereymentau. 11 wind turbines with a total capacity of 50 MW are planned to be installed taking into account the wind potential of the area.
Construction of the second launch station of the “Astana EXPO-2017” wind power plant is being finished in Kostomar village, Arshaly district in Akmola region. The station should begin operating with a full capacity of 100 MW until the end of this year. The plant will ensure the annual energy consumption of more than 10,000 families, reduce greenhouse gas emissions by 230,000 tons per year and save over 79,000 tons of fuel per year.
Overall, nearly 108 wind power stations are working in the country. At the end of the first half of the year, electricity generation by renewable energy sources amounted to 1.4 billion kWh. This is 55.3 percent more than over the same period last year.
The European Bank for Reconstruction and Development (EBRD) has launched a US$30 million Green Economy Financing Facility (GEFF) in Kazakhstan. The financial institute's support is calculated for 2020-2023. The funds are intended for investments by households and small businesses in green technology solutions. EBRD Managing Director for Kazakhstan Agris Preimanis noted that the new GEFF is part of the financial institution's broader green project. It involves 27 states, more than 145 financial institutions in these countries and investments worth 4.6 billion euros. Annual CO2 savings from GEFF projects in the world are already more than 8.6 million tons every year.