Chulakkurgan Solar PV Power Plant

active

The project involves the development, construction and operation of a 50MW solar PV power plant in Chulakkurgan rural district, in the south of Kazakhstan. The plant is expected generate over 102 GWh of electricity per year and to reduce CO2 emissions by 86,000 tonnes per year. The SPV for the project is called YUKSES 50 LLP. Sponsor is Risen Energy (China). The total project cost is $ 75 million of which EBRD committed up to $ 40.4 million equivalent in KZT long-term senior debt financing and up to $ 10 million from the Green Climate Fund (GCF). Financial close has been reached on 29 January 2019. On 21 January 2020 it was announced that the plant has been connected to the grid. https://www.ebrd.com/work-with-us/projects/psd/chulakkurgan-solar.html https://www.ebrd.com/news/2019/ebrd-steps-up-support-for-renewable-energy-production-in-kazakhstan-.html