Manual promotes investment in small-scale renewable energy projects

A win-win situation for a gamut of stakeholders

July 29, 2022
Photo: UNDP Kazakhstan/Makhmud Mirzayev

By promoting energy-efficient, small-scale renewable energy projects, UNDP-Kazakhstan is creating a win-win situation for a number of stakeholders – for the country, for small and medium companies (SMEs), for public utilities and for consumers.

To that end, UNDP Kazakhstan has prepared a set of materials on the implementation of small-scale renewable energy projects in the country. The materials are aimed at representatives of SMEs, potential investors, local executive bodies, farmers, financial organizations and others.

Kazakhstan is one of the largest emitters of greenhouse gases (GHG) in the world and is among the 30 largest countries in terms of GHG emissions. These are mainly associated with energy production: with 82 percent of all emissions generated in the country originating here. Therefore, replacing fossil fuels with renewable energy sources in heat and electricity production will reduce GHG emissions considerably. And to increase the share of renewable energy in the country's electricity generation infrastructure, private sector investment in renewable energy sources must be encouraged.

These materials have been compiled in a comprehensive manual, an investment guide that provides extensive information on opportunities in small-scale renewable energy projects in Kazakhstan. The step-by-step section presents algorithms and financial tools for different target groups, for example, investors who have already planned and budgeted for such a project.

This manual will be useful for potential investors, as experts have developed guidelines, recommendations and successful examples for the implementation of small renewable energy projects.

In addition, renewable energy technology companies will receive information on existing financial support programmes for implementing new technology in various sectors of the economy. Information on the possibilities of implementing renewable energy technologies in remote areas will also be provided to those in the agricultural sector.

Please download the full manual here.

The deployment of energy-efficient and small-scale renewable energy projects has a number of advantages – the cost of the electricity generated is not dependent on the energy price; energy consumption is reduced in the medium- and long-term; this in turn leads to resource savings. An all-round win-win situation on the economic and environmental fronts.

Thus, small-scale renewable energy projects have many winners – the investment guide is the key to the starting line.