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

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email
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.

Read Next

December 1, 2021
Enefit Green, the renewables subsidiary of Estonian state-owned utility Eesti Energia, is looking to procure up to 500MW of solar modules in the next three years.
October 4, 2021
Independent power producer (IPP) Total Eren has enlisted asset management software provider Inaccess to monitor the operation of several of its solar PV plants in Argentina, Australia, Brazil, and Kazakhstan.
August 24, 2021
Indian solar developer ACME Group has signed a deal to advance a green hydrogen project in Oman which will be powered by 3GW of solar.
June 29, 2021
German Developer Svevind Energy has signed a memorandum of understanding (MOU) with Kazakh Invest National Company regarding the planned development of a vast green hydrogen facility powered with solar and wind
June 18, 2021
UNOPS Sustainable Investments in Infrastructure and Innovation (S3i) has signed an agreement to invest in a 250MW solar plant in Rajasthan, India
April 6, 2021
A 12.9MW floating PV plant is set to be deployed at a hydropower reservoir in Albania thanks to a loan provided by the European Bank for Reconstruction and Development (EBRD).

Subscribe to Newsletter

Upcoming Events

Solar Media Events
February 23, 2022
London, UK
Solar Media Events
March 8, 2022
London, UK
Solar Media Events
March 23, 2022
Austin, Texas, USA
Solar Media Events
March 29, 2022
Lisbon, Portugal
Solar Media Events
April 25, 2022
Berlin, Germany