“7 companies from 6 countries: Kazakhstan, Germany, Italy, China, the Netherlands and Russia took part in the auction. During the trading session, the marginal auction price – 29 tenge/ kWh decreased by 2.3 times. The winner of the auction was Arm Wind LLP with a price of 12.49 tenge/kWh, which is approximately 3.2 US cents,” the Kazakh Energy Ministry said.
According to the Kazakh Ministry of Energy, this tariff is a record low on the solar energy market in Kazakhstan.
“The winner of the auction has the right to conclude a 15-year contract with a single renewable energy purchaser – the Settlement and Financial Center for RES – and sell all generated electricity at an auction rate,” the ministry said.
At the same time, the ministry said the tariff is subject to annual indexation, taking into account changes in the exchange rate of the national tenge and taking into account inflation.