EBRD to provide US$26 million for ACME’s 29MW Kazakhstan solar project

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Various permits and assessments are still required for the project to go ahead. Credit: ACME

The European Bank for Reconstruction and development (EBRD) may provide US$26 million debt financing for Indian firm ACME Cleantech to develop a 29MW solar PV project in the Zhambyl region of Southern Kazakhstan.

The plant, whose total project cost is expected to be US$51 million, is forecasted to reduce CO2 emission by 45,000 tonnes per annum. EBRD plans to contribute towards Kazakhstan’s goals of achieving 3% renewables by 2020.

Various permits and assessments are still required for the project to go ahead.

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