100 MW solar farm to come up in Kazakhstan by end-2018

SES Saran LLP plans to commission its 100 MW solar farm, reportedly the largest solar project in Central Asia, in the Karaganda region of Kazakhstan by the end of 2018. The design capacity of the solar farm is 145 MUs per year and the estimated investment is $105 million. The project is being funded by a $52.7 million loan from the European Bank for Reconstruction and Development. SES Saran LLP is a special purpose vehicle incorporated for developing, constructing and operating the project. It is owned by SOLARNET Investment GmbH incorporated in Germany. The energy from the project will be sold to a subsidiary of the Kazakhstan Electricity Grid Operating Company, the national transmission grid operator in the country. The project will help increase the share of renewables in the country’s energy mix to 3 per cent by 2020.

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