ARTICLE
1 June 2021

President Of Kazakhstan: To Boost The Share Of Clean Energy By 2030

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Unicase Law Firm

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Unicase is a leading law firm in Central Asia, operating both in the region and globally, including Kazakhstan, Uzbekistan, Kyrgyzstan, and Tajikistan. Unicase boasts one of the most expert teams, renowned for its capabilities in regulation and legislative development, which, combined with extensive transaction experience, enables the firm to win major development projects and remain a preferred adviser on corporate law, M&A transactions, dispute resolution, and legislation. Partners and senior lawyers at Unicase have spent a significant part of their professional careers working with leading international operators, which allows them to understand the expectations of both foreign and local clients regarding the format and content of legal consultations, making Unicase a competitive firm.
On May 26th, 2021 the President of Kazakhstan, Kassym-Zhomart Tokayev, held a meeting, in which he identified the key points for the development of renewable energy sources in Kazakhstan.
Kazakhstan Energy and Natural Resources

On May 26th, 2021 the President of Kazakhstan, Kassym-Zhomart Tokayev, held a meeting, in which he identified the key points for the development of renewable energy sources in Kazakhstan. The President highlighted that the renewable energy sector in Kazakhstan is developing rapidly, and it is required to adopt a package of incentives aimed at sustainable development of the renewable energy sector. In this regard, the main directions for the development of renewable energy sources have been determined:

  • Kazakhstan has taken a course towards the development of renewable and alternative energy sources. By the assignment of the President, the share of renewable energy sources in electricity generation should reach 15% by 2030. Currently, Kazakhstan hits the 3% goal.
  • Kazakhstan is planning to modernize and develop local production and prepare new qualified domestic personnel. In order to achieve this, it is required to study the best international experience in the renewable energy and energy sector.
  • Kazakhstan shall stimulate the use of renewable energy sources in Kazakhstan and the implementation of pilot projects for the operation of solar panels and micro-power plants, as part of the development of "smart" cities.
  • The President highlighted the need to take measures to eliminate the "staff shortage" in the renewable energy sector. To achieve this, Kazakhstan plans to implement measures to form the professional human resources of the industry and a competitive level of remuneration.
  • One of the most important tasks for the development of renewable energy sources in Kazakhstan is the stability of supply and the availability of tariffs. Therefore, the President instructed to increase market competition by attracting foreign investors.
  • The President proposed to create a New Energy Competence Center, which will experimentally gain experience in the use of high-tech innovations in the energy sector.

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