EBRD financing for 50 MW solar plant in Kazakhstan

The EBRD has signed a mandate letter for the co-financing of a new solar plant in Kazakhstan near the world-famous space center in Baikonur.

The Baikonur Solar park, with a capacity of up to 50 MW, will be located in the Kyzylorda region. The clean energy will feed the neighboring high-voltage lines that serve the nearby area including the city of Kyzylorda.

The new solar plant, which may receive EBRD financing of up to US$ 28 million, will be built by Samruk Kazyna United Green Energy Ltd, a joint venture between UG Energy Ltd, a privately owned investment company registered in the United Kingdom, and Samruk-Kazyna Invest, a division of Kazakhstan’s sovereign wealth fund.

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