Project

De-risking Renewable Energy Investment

Lead country

Kazakhstan

Participating countries

Kazakhstan

Project status

Under implementation

Implementing period

From February 19, 2018 to February 19, 2023

SDGs addressed by this project

SDG targets

  1. 7.2 Increase share of global renewable energy
  2. 13.2 Integrate climate change into national policies, planning

Project ID: 5490

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Technical team

  • Energy Programme

Technical area(s)

  • Renewable Energy

Sub-area(s)

  • Resource: Solar
  • Resource: Wind
  • Type: Thermal

Landscape(s)

N/A

Transformed sector(s)

  • Energy

UNDP role(s)

  • Capacity development / Technical assistance
  • Institutional mechanism and system building
  • Policy advice

Strategy

  • Law regulation
  • Finance economy
  • Enabling

Sub-strategy

  • Laws/ Policy/ Plan formulation
  • Laws enforcement/ Regulation
  • Energy finance
  • New/other financial schemes/mechanism
  • Community engagement

Social inclusion

  • Private sector
  • Local community/CSOs

Gender equality

  • Awareness raising (on gender)

Gender result effectiveness scale

  • Gender responsive

Pathway(s)

  • Sci-tech pathway
  • People pathway
  • Systems pathway

Risk reduction target(s)

  • Hazard control/mitigation

SDG target(s)

  • 7.2 Increase share of global renewable energy
  • 13.2 Integrate climate change into national policies, planning

Conventions and protocols

N/A

Private sector(s)

  • Capital providers

Hot topic

  • Multi-stakeholder collaboration

About this project

Description

The objective of the project is to promote private sector investment in renewable energy in Kazakhstan to achieve Kazakhstan's 2030 and 2050 targets for renewable energy. The project targets both large-scale and small-scale renewable energy.

Objectives

Promote private-sector investment in renewable energy in Kazakhstan in order to achieve Kazakhstan"s 2030 target for renewable energy.

USD $4,660,000

Grant amount

USD $51,010,000

Leveraged amount (co-financing)

1

Source(s) of fund

Sources of fund

 

  • Global Environment Facility – Trust Fund ($4,660,000)

Implementing partner(s)

  • Government of Kazakhstan

Project metrics

Outcome 1:

Appropriate policies, programmes and regulations are in place to reduce investors' risks, scale-up investment and enable the achievement of 2030 RES target

 Indicators:

Increase in Installed capacity from wind and solar power (MW) and lifetime RE production (MWh) (GEF indicator 3)
Number of direct project beneficiaries (UNDP mandatory indicator 3)
Total Lifetime Direct and Consequential GHG Emissions Avoided (Tons CO2eq) (GEF indicator 1)
Capacity of the Government to design and implement policy initiatives enabling development of renewable energy markets
Reduction in DREI aggregate risk score across 9 DREI risk categories
Degree of support for small-scale renewable energy development in policy, planning and regulations
Knowledge of small-scale applications in rural and urban areas
Appropriate financial instruments created for pilot investments in small-scale rural and urban renewables
Developed financial and business models for small-scale RES in urban and rural sectors
Investment mobilized to support small-scale projects
Outcome 2:

Appropriate policies, programmes and capacities are in place to reduce risk and attract investment in small-scale (on-grid and off-grid) renewables
Outcome 3:

Sustainable business models and financial mechanisms to support their implementation in place for investment in small-scale urban and rural RES solutions
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Related resources

Geospatial information

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Project reports and documentation

 

Project Document (ProDoc)