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Burnoye-1 and Burnoye-2 Solar Power Plants
Industry:
Energy & Renewables
Stage:
Brownfield
Location:
Zhambyl region
TBD
US$ million
Investments needed
US$ million
EBITDA 2020
13.1
15.8
US$ million
Revenue 2020
million kWh
Annual capacity
160
Key Highlights
1
The Company is the first and one of the largest solar power plants (SPP) in Kazakhstan under the new renewable energy legislation and the country’s first private energy generator. SPP "Burnoye-1“(50 MW), built-in 2015, and SPP "Burnoye-2“ (50 MW), built-in 2018, had no interruptions in its operations since the project’s commencement
2
The project has received several awards since its commencement, such as award from the European Business Association Kazakhstan for the contribution and development of corporate social responsibility, the highest award in the category "Sustainable Development" among 400 projects in the world at EBRD anniversary annual report, EMEA Finance for project financing of the Burnoye-2 project in the nomination "The best deal in the field of solar energy"
3
The global solar energy market was valued at $52.5 billion in 2018 and is projected to reach $223.3 billion by 2026, growing at a CAGR of 20.5% from 2019 to 2026
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