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Kazakhstan

Kazakhstan

Sowitec ventures into Kazakhstan and Saudi Arabia

KAZAKHSTAN: Southern-Germany-based developer Sowitec today announced it was entering the Kazakhstan market to benefit from the country's target of 5% electricity production from renewables by 2024, the bulk of which is likely to come from wind.

Kazakhstan's Akmola region, where one large wind project has already been announced
Kazakhstan's Akmola region, where one large wind project has already been announced

Sowitec also announced it had created a base in Saudi Arabia to participate in achieving that country's target of 54GW of renewables by 2032.

The developer's announcement of its new office in Kazakhstan's capital Astana identified the country as a market with "huge potential".

Dominated by coal power plants, Kazakhstan has virtually untapped renewables potential, currently contributing only 1% of the national energy balance, said a statement issued by Sowitec today. It added that the 2009 renewable energy support law encompassing feed-in tariffs and renewable energy certificates provides a good framework for supporting development.

Last month plans were announced for what would be Kazakhstan's largest wind farm, a 45MW project in the northern Akmola region.

In Saudi Arabia, local subsidiary Sowitec Saudi has set up an office in Riyadh, from where it hopes to win wind and solar business — not only in the Saudi market, but also in the broader Middle East, North Africa, South Asia (Menasa) region.

Founded in 1993, Sowitec says it has a 40GW wind energy pipeline, including in Latin America and Russia, with several gigawatt already permitted and the rest in the screening process.

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