EBRD to Finance a 50 MW Solar Project in Southern Kazakhstan

EBRD to partner with Risen Energy to develop the project located in Chulakkurgan

February 5, 2019

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The European Bank for Reconstruction and Development (EBRD) has announced the financing of a 50 MW solar power project in southern Kazakhstan. The proposed financing package arranged by the EBRD includes a local currency loan of up to $40.4 million in Kazakhstan Tenge and a loan of up to $10 million from the Green Climate Fund (GCF).

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EBRD to Finance a 50 MW Solar Project in Southern Kazakhstan

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