London, UK, Dec. 3, 2020 (Solar Business Hub) — Invest In Network in partnership with Trina Solar announce the Energy Talks series webinar entitled Central Asia: solar PV growth opportunities and the latest solutions, dedicated to exploring growth opportunities and the latest solutions in the region, which will be joined by experts representing the Solar Power Association of Qazaqstan, Unicase law firm, FMO, Sungrow, and Trina Solar.
Registration is free for all interested companies wishing to join the webinar which will take place on December 15 from 8:30 to 10:00 am (GMT, London).
During the online event, the solar PV status and opportunities in Central Asia will be presented followed by a discussion on making solar bankable in emerging markets. The webinar will conclude with a presentation by Trina Solar on the benefits and impressive performance of its recently released Vertex solar PV module.
Solar power has enormous potential as an energy source in emerging markets. In particular, Central Asia is ideally located to take advantage of solar energy and has vast, mostly untapped potential.
Kazakhstan currently leads on installed solar capacity and the country seeks to bring its share of renewable energy to 10% by 2030 and 50% by 2050. While a total installed solar capacity in Kazakhstan reaches 216 MW, an important contribution recently came from the EBRD, the GCF and the CTF in a form of the funding package for a new 76 MW solar power plant in the Karaganda region. A $42.6 million loan has been secured for the project.
Kyrgyzstan government has recently developed a document, which should remove the obstacles to date limiting penetration of renewable energy into the electricity supply mix in the country. The potential investors raised concerns regarding the lack of a legal and regulatory framework in the field of renewable energy. These concerns have been addressed by the Regulation on the conditions and procedure for the implementation of activities for generation and supply of electricity using renewable energy sources.
Likewise, Uzbekistan aims to deploy significant additional renewables capacity by 2030, including 5 GW of PV. There are a few solar programs mandated by the Government to IFIs, including the ADB 1 GW solar program (Sherabad Phase 1, 200 MW project and Sherabad Phase 2, 300 MW project in the Surkhandarya region) and the IFC Scaling Solar Program (Scaling Solar Phase 1, 100 MW project in the Navoi region; Scaling Solar Phase 2, 2 projects of 200 MW both in the Samarkand and Jizzakh regions; Scaling Solar Phase 3, 300 MW project in Samarkand and a 200 MW project in the Namangan regions). Also, projects based on bilateral contracts have been unveiled, including a 100 MW project in the Samarkand region by Total Eren and 500-1000 MW projects in the Navoi and Bukhara regions by ACWA Power.
Invest In Network is a niche consultancy fostering the deployment of renewable energy in emerging markets of Central Asia, the Black Sea and the South Caucasus.
Trina Solar is one of the leading solar photovoltaic suppliers, having shipped over 50 gigawatts worldwide and providing clean, affordable and reliable energy to homes, businesses and power plants around the world.
Press release provided by Invest In Network.