France-based Urbasolar SAS has attracted around US$12.7 million in funding for its planned 14 MW solar PV project in Kazakhstan.
Funds comprise $106 million in concessional finance and $4 million in technical assistance grant.
The Kazakh state-owned national atomic energy company will start receiving bids for the acquisition of its three solar manufacturing subsidiaries on September 8. Purchase price was set at around $14 million.
The $165 million PV plant will be constructed by local company KBEnterprises with the support of ABB.
The Baikonur Solar project is planned for the Kyzylorda region. The project will be developed by Samruk Kazyna United Green Energy Ltd., which is also building two more 50 MW solar facilities financed by the EBRD.
The 50 MW Burnoye Solar-2 project will require a total investment of approximately $80 million and will be located in the southern region of Zhambyl.
The country’s second MW-sized solar project is being planned by French company, ECM Technologies in cooperation with unspecified Chinese partners.
Kazakhstan’s state-owned national atomic energy company announced its three solar manufacturing subsidiaries will be auctioned to the highest bidder in the frame of its privatization plan.
He has been the head of global marketing for manufacturer REC Solar. Now Grare seeks to develop large-scale PV projects in Kazakhstan through a new company he founded alongside blockchain pioneer Alexander Vasylchenko.
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