Kazakhstan to invest 50bln tenge in RES projects in 2024

The Ministry of Energy announced the volume of investments to be injected in construction and commissioning of renewable energy sources in Kazakhstan this year, Kazinform News Agency reports.

The volume of investments is to make around 50 billion tenge, of which 9 billion tenge will be invested in wind power stations, 13 billion tenge will be spent on solar power stations development, and 28 billion tenge will be channeled into hydroelectric power stations, the Ministry replied to official request of Kazinform.

According to the Ministry, in 2024, Kazakhstan plans to commission 11 RES projects with the total capacity of 117.35MW, including three wind power stations with the capacity of 27.45MW, two solar power stations with the capacity of 40MW and six hydroelectric power stations with the capacity of 49.9MW.