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projectFP047

GCF-EBRD Kazakhstan Renewables Framework

12860000
TONNES of CO2 Anticipated tonnes of CO2 equivalent avoided

Impact

Mitigation
GCF results areas
  • Energy generation and access
UN Sustainable Development Goal #7 Affordable and clean energy

Location & People

Region
  • Asia Pacific
Country
  • Kazakhstan KZ

Investment Data

  • Financing:
    • Public
    • Public / Private
    • Private
  • Project size:
    • Micro
    • Small
    • Medium
    • Large
  • E&S Risk category:
    • Category A
    • Category B
    • Category C
Total project investment
GCF Financing
  • Instrument Loan USD
  • Instrument Grant USD
Co-Financing
  • EBRD Loan USD
  • EBRD / Other donors Grant USD
  • Other lenders Loan USD
  • Sponsors Equity USD

Project owners

Accredited Entity Executing Entity
  • EBRD
GCF-EBRD Kazakhstan Renewables Framework Approved October 2017 Duration 25.0 years
Supporting the construction of 8-11 renewable energy projects in Kazakhstan, with a total capacity of 330 MW. 

Around 91% of Kazakhstan’s electricity is generated from fossil fuels, making it one of the largest emitters of greenhouse gases in Central Asia. Diversification of energy sources, and the decarbonisation of the economy is a priority of the Kazakhstan government, which is introducing feed-in tariffs and an auction scheme to promote this transition. However, lack of appropriate financing mechanisms has delayed the development of new projects to respond to these policies. GCF’s investment will scale-up investment in renewables, crowding-in low-carbon investors through a programme of investment, and creating a viable alternative to cheap coal-based power.  The programme will also provide technical assistance, building institutional capacity for energy integration, policies and planning.
Document title Published date
Funding proposal 11 Sep 2017
ESS report 13 Sep 2017
Accredited Entity
  • European Bank for Reconstruction and Development (EBRD) Mr. Ryan Alexander Tel: +44 20 7338 6056 Mr. Jan-Willem Van de Ven Tel: +44 20 7338 7821
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