Industry news

On November 21 of this year, the eighth renewable energy auction was held for the western zone of the UEN of the Republic of Kazakhstan for the selection of wind power plants with a total installed capacity of 50 MW.

8 companies were allowed to participate in the auction, 31 price proposals were submitted by the participants during the trading session, the unit capacity of the projects was 50 MW. The total volume of applications submitted was 350 MW. The maximum auction price during the auction for the selection of wind farm projects in 2022 was 21.53 tg/kWh (excluding VAT).

During the trading session, the price range of bids received from auction participants ranged from 21.53 to 14.51 tenge/kWh (excluding VAT).

According to the results of the auction, the following company was determined the winner:

• Sarkylmas Kuat LLP (Hong Kong) the installed capacity of the project is 50 MW, the auction price is 14.51 tg/kWh (excluding VAT). The project is planned to be located near the Mangistau district of the Mangistau region.

Representatives of the Ministry of Energy of the Republic of Kazakhstan, the «Kazakhstan Association of Regional Environmental Initiatives «ECOJER», JSC «KOREM» participated as observers.

Observers noted the full transparency of the electronic trading system of the auction organizer – JSC «KOREM».

As a result, the auction price decreased by 32.6%, which is a good result. Auction bidding are aimed at selecting the most effective projects and forming competitive market prices for electric energy produced by renewable energy facilities.

The next auction is scheduled for November 22, 2022 for the selection of wind power projects with a total installed capacity of 50 MW.