Kazakhstan to launch cluster for production of solar panels

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ASTANA (TCA) — During the meeting of the Kazakh-Chinese Business Council on June 8 in Beijing, with the assistance of Kazakh Invest National Company for Investment Support and Promotion, an agreement on cooperation was signed to implement projects in the field of renewable energy (solar and hydro) in Kazakhstan using domestic solar cells (KazPV), Kazakh Invest reported.

A tripartite agreement was signed between Kazakh Invest, the ECM Technologies company (France) and the CEEC-NWPC International Chinese company. To this end, last week in France, negotiations were held with the French company ECM Technologies, which resulted in the establishment of a joint venture with the participation of ECM Technologies and the NWPC Chinese company.

Within the framework of this agreement, it is envisaged not only the production of a full cycle of solar cells, but also the construction of “turnkey” stations. The first orders have already been planned from Russia in the amount of 300 MW, from Kazakhstan and other countries of Central Asia.

This project will involve French technologies, the experience of building turnkey stations of the Chinese enterprise, as well as investment of their investment funds.

Investments for the construction of solar stations in Kazakhstan are planned in the total amount of USD 300 million, which will be attracted with the participation of NPWC and Chinese financial institutions.

Sergey Kwan

TCA