Investment project, accompanied by Almaty Business Development Company LLP, will be launched on Special Economic Zone “Park of Innovative Technologies”, where a land plot of over 2 hectares has been allocated for the construction of the plant, providing a convenient logistical location for the supply of raw materials and shipment of finished products to potential customers in Kazakhstan and neighboring countries.
Approximately 2,500-square-foot facility will produce up to 250,000 solar modules annually. Power per module will be from 585W. Products will be available under the “TGS-Solar” brand.
150 MW/year solar module plant will be equipped with advanced equipment including automatic solar module assembly lines, laser plasma cutters, and automatic welding machines. Factory will become an additional stimulus for the development of the city economy, will create more than 100 new jobs, and will form a chain of Kazakhstan manufacturers, parts and materials.
Financing of the plant is provided at the expense of its own funds under the regional program of entrepreneurship development “Almaty Business-2025”. Subsidiary organization of Almaty SEC JSC - Almaty Finance LLP allocated a soft loan in the amount of KZT500 mln. Interest rate on the loan facility will be 6% and the financing term will be 7 years. Including borrowed funds of Almaty Finance, the total amount of investments exceeds KZT 2.1 billion.
Currently, the share of RES in Kazakhstan is 5.8%, and it is planned to increase to 16% by 2035. Project aims to increase the share of renewable energy sources (RES) in electricity generation. Construction of the plant complies with the tasks assigned by the Head of State on developing energy engineering, achieving carbon neutrality by 2060, doubling the ROK's GDP by 2029 and enhancing the ROK's export potential.