Analysis and forecast of renewable energy production and investment development in the Republic of Kazakhstan
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This study examines the structural, financial, and policy dimensions of renewable energy development in the Republic of Kazakhstan between 2022 and 2024, offering projections through 2030. Drawing on national legislation, statistical datasets, international benchmarks, and qualitative field insights, it evaluates production dynamics across solar, wind, hydro, and bioenergy systems. Quantitative analysis reveals a 42.8% increase in renewable electricity output over the three-year period, reaching a 6.43% share in total electricity generation by end-2024, yet still below nationally mandated targets for 2030 and 2050. The paper explores the evolving legal framework supporting both utility-scale and distributed energy initiatives, highlighting incentives such as auction-based feed-in pricing, tax exemptions, extended power purchase agreements, and individual producer rights. It identifies systemic barriers, including tariff indexation delays, currency risks, limited access to concessional finance, and infrastructure bottlenecks. Financing structures dominated by debt instruments and international capital flows are mapped through institutional profiles. Comparative policy analysis and stakeholder feedback from events like Qazag Green Fest inform a set of integrated recommendations: expanding energy storage systems; modernizing grid infrastructure; deploying green taxonomies and investor safeguards; and scaling technical education and public awareness campaigns. The findings underscore Kazakhstan’s pivotal opportunity to transition toward energy sovereignty and climate resilience through coordinated public–private strategies, regulatory clarity, and robust investment mechanisms.
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