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KazPV group plans 100-MW solar park in Kazakhstan

Solar park in Kazakhstan. Source: EBRD (www.ebrd.com).

May 22 (Renewables Now) - The KazPV group of companies intends to build a 100-MW solar power plant in the Turkestan region of Kazakhstan, Interfax-Kazakhstan reports, quoting a statement from the regional administration.

The plan is to build the solar park on a 150-hectare area in the period 2019-2021. The total cost of the project is estimated at USD 150 million (EUR 134.5m). About 100 jobs will be created as part of it.

The announcement comes just a few days after Kazakh uranium producer JSC NAC Kazatomprom agreed to sell a 75% stake in its solar photovoltaic (PV) cell and module production activities to a consortium of strategic investors. The transaction covers PV cell maker Kazakhstan Solar Silicon LLP, PV modules manufacturer Astana Solar LLP and metallurgical silicon producer KazSilicon MC LLP. In its statement, Kazatomprom referred to the three divested firms as the KazPV project.

The group of buyers includes Russia-based Yadran Solar Company, ECM Greentech of France and a partnership between Kasen and Canadian Solar (NASDAQ:CSIQ).

(USD 1.0 = EUR 0.897)

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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