09 April 2021
Green Energy in Kazakhstan.
Kazakhstan has adopted and is implementing a concept for the transition to a" green " economy, in order to implement it, a legislative framework has been created and clear target indicators for the development of the renewable energy sector have been identified.
The authorized body implementing the state policy in the renewable energy sector is the Ministry of Energy of the Republic of Kazakhstan.
According to the concept for the transition of the Republic of Kazakhstan to a "green economy", the share of renewable energy sources should be 3% of the total electricity production by 2020, 10% by 2030, and 50% in 2050, taking into account alternative energy.
In accordance with the Law of the Republic of Kazakhstan "On Support for the use of Renewable Energy Sources" of July 4, 2009, an auction mechanism for the selection of renewable energy projects was introduced.
A mechanism of guaranteed centralized purchase of electricity is provided for investors.
The following measures are adopted to attract investment under the above-mentioned mechanism:
a guarantee to purchase the entire volume of renewable energy at auction prices for 15 years when signing a purchase agreement with an authorized person;
auction prices are subject to annual indexation starting from the second year of electricity generation: 70% on the change in the exchange rate of the national currency to convertible currencies and 30% on the consumer price index;
Renewable energy producers are exempt from paying for services for the transmission of electricity from RES;
producers of renewable energy sources are given priority dispatching in the transmission of electric energy;
an energy transmission organization may not refuse to connect a RES facility due to network unavailability;
the costs of reconstruction and expansion of the network are borne by the energy transmission organization;
land plots and points of connection to the network are reserved for auctions for the selection of renewable energy projects;
the legislation provides for investment preferences.