Connect with us

Renewable Energy Times

Lowest solar bid in Kazakhstan’s first RE auction reaches $0.051/kWh

Solar

Lowest solar bid in Kazakhstan’s first RE auction reaches $0.051/kWh



Two PV projects totaling 70 MW, proposed by Russian solar module maker Hevel Solar, were selected in the first auction of a series to be held this year, in which the Kazakh government is planning to assign 290 MW of solar and a total of 1 GW of renewable energy capacity.

Kazakhstan operator of electricity and power market operator JSC KOREM has announced the results of the first of a series of renewable energy auctions announced by the Kazakh Deputy Minister of Energy, Gani Sadibekov in January.

The regulator said that 28 applications were received from 20 companies, with a single project capacity from 10.2 MW to 100 MW, and that total volume of proposed capacity was 1.27 GW.

JSC KOREM selected a 50 MW hydropower project, for which the auction’s lowest bid was submitted – KZT 18.6 ($0.05170)/kWh – and two solar projects, proposed by Avelar Solar Technology, a unit of Russian module maker Hevel Solar, for which tariffs of KZT 18.6 ($0.05115)/kWh and KZT 18.6 ($0.06187/kWh), respectively were offered. A fourth project whose technology was not specified, was submitted by Shell Kazakhstan B.V. Branch, the local unit of multinational oil company Shell, which offered a price of KZT 22.9 ($0.06297)/kWh.

Hevel Group was awarded 15-year PPAs for the sale of power from two solar plants totaling 70 MW, which will be located in southern Kazakhstan and will be commissioned between 2019 and 2020, the Russian company said in its own statement. “This tender was a high competitive one and our victory means that we have entered an international market not only as PV modules supplier, but also as an power company competing with major international players, “said Igor Shakhray, CEO of Hevel Group.

The auction is a first of a series of renewable energy auctions that the Kazakh government will hold this year. Overall, a 1 GW of renewable energy power generation capacity is planned to be assigned, with solar having a share of 290 MW, while wind, hydro and biomass power projects are expected to have a quota of 620 MW, 75 MW and 15 MW, respectively.

 

 



Source PV Magazine

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

More in Solar

Categories

October 2018
M T W T F S S
« Sep   Nov »
1234567
891011121314
15161718192021
22232425262728
293031  

Follow

Subscribe to notifications
To Top
%d bloggers like this: