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Kazakhstan Solar Photovltaic (PV) Power Market Outlook 2019-2028

  • ID: 4846825
  • Report
  • Region: Kazakhstan
  • 138 Pages
  • Inea Consulting Ltd
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FEATURED COMPANIES

  • ABB
  • Bisol Group
  • First Solar
  • Gazprom
  • KEGOC
  • PavlodarEnergo JSC
  • MORE

This market report offers an incisive and reliable long-term overview of the photovoltaic sector of the country for the period 2019 ÷ 2028. In view of recent cuts in FIT’s announced in Germany, Spain, France, UK, Czech Republic, Slovakia, Bulgaria, Greece and Italy, the Republic of Kazakhstan represents a stable investment environment in CIS region with clear rules, feed-in tariff support scheme and auction (tender) procedure. Current cumulative installed PV capacity in the country is insignificant, but a number of fully permitted and ready to build projects will promptly increase in 2019 and next years.

First MW scale photovoltaic power plants have been launched into commercial operation, whilst pipeline of over 700 MW solar projects pipeline are progressing in different stages of permitting process. Feed-in tariff for solar energy has been approved in Kazakhstan in June 2014 combined with 15 years PPA period auction (tender) procedure are expected to pave the way for fast further growth of solar PV market in Kazakhstan. The report provides a complete picture of the market situation, dynamics, current issues, and future prospects.

You will find more than 130 pages of valuable information in this unique in-depth analysis of the Kazakhstan photovoltaic market. With comprehensive market data, this report brings clear and concise insights, to help investors in their decision-making process. As 2017 and 2018 were challenging years for the world photovoltaic industry, the time for making the right decisions during 2018 and the next few years is limited. The fast-changing market environment requires relevant and accurate information. For your convenience, the analyst can offer the opportunity for orders with customized report content.

Reasons to buy this market report are, but not limited to:

  • Solar resource potential in Kazakhstan
  • Historical market data provided from 2000 to 2018 and forecasts until 2028
  • Financial Model and Analysis of 5 MW Photovoltaic (Solar PV) Power Plant investment in Kazakhstan (IRR, WACC, Payback, NPV, Cash Flow, etc.)
  • Over 55 charts, tables, and maps
  • Overview of announced auction (tender) procedure for renewable power plants in Kazakhstan
  • Overview of Kazakhstan photovoltaic (solar PV) market development 2008 ÷ 2028
  • Development scenario of Kazakhstan photovoltaic (solar PV) sector until 2028
  • Major active and upcoming photovoltaic plants in Kazakhstan
  • Current market prices of fully permitted and operational photovoltaic projects
  • Attractiveness indices for photovoltaic investments in Kazakhstan and CIS countries
  • SWOT Analysis (detailed in 5 pages)
  • Overview of Kazakhstan legal and regulatory framework for RES generation
  • Review of most relevant financing and supporting incentives
  • Project developers, EPC providers, and Consultants in Kazakhstan
  • Key organizations and stakeholders affecting the development of the photovoltaic sector in Kazakhstan
  • Investment potential and opportunities

Report Subscription:
  • Customers of a Single User License will receive up to 1 free update of the report if they order up to the end of February 2020
  • Customers of a 1-5 User License will receive up to 2 free updates of the report if they order up to the end of February 2020
  • Customers of an Enterprise License will receive up to 3 free updates of the report if they order up to the end of December 2019











































Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ABB
  • Bisol Group
  • First Solar
  • Gazprom
  • KEGOC
  • PavlodarEnergo JSC
  • MORE

FOREWORD

1 METHODOLOGY AND LIMITATIONS
1.1 Research Methodology
1.2 Limitations

2 EXECUTIVE SUMMARY
2.1 Historical and Current Development Overview of Photovoltaic (Solar PV) Power Market in Kazakhstan
2.2 Kazakhstan Solar Resource Potential
2.3 Key Stakeholders Affecting Photovoltaic (Solar PV) Power Market Development in Kazakhstan
2.4 Market Drivers and Constraints
2.5 Auction (Tender) Procedure for Photovoltaic (Solar PV) Power Plants in Kazakhstan
2.6 Recent and Pending Changes in Renewable Energy Law in Kazakhstan
2.7 Market Forecast Summary

3 KAZAKHSTAN POLITICAL AND ECONOMIC ENVIRONMENT. PEST ANALYSIS
3.1 Basic Country Data
3.2 Political Climate and Ruling Party
3.3 GDP and Economic Growth
3.4 Taxes
3.4.1 VAT
3.4.2 Income and Corporate Taxes

4 COMMONWEALTH INDEPENDENT STATES (CIS) AND CENTRAL-EAST EUROPE (CEE) POWER MARKET
4.1 General Electricity Market information
4.2 Photovoltaics (Solar PV) in the Energy Sector
4.3 Single Electricity Market of the European Union
4.4 CIS States Common Electricity Market (CIS CEM)
4.5 Electricity Market Concept of Eurasian Economic Union

5 COMMONWEALTH INDEPENDENT STATES (CIS) PHOTOVOLTAIC (SOLAR PV) POWER MARKET
5.1 Market Overview
5.2 Cumulative (CAGR) Installed Photovoltaic (Solar PV) Capacity and Revenue
5.3 Annual Installed Photovoltaic (Solar PV) Capacity and Revenue
5.4 Future Development Trends

6 KAZAKHSTAN POWER MARKET
6.1 Electricity Transmission and Distribution
6.2 Electricity Consumption and Generation
6.3 Electricity Imports and Exports
6.4 Electricity Prices for Business and Households
6.5 Renewable Energy Sources (RES) Targets

7 KAZAKHSTAN PHOTOVOLTAIC (SOLAR PV) POWER MARKET
7.1 Why Invest in Photovoltaic (Solar PV) Power in Kazakhstan?
7.2 Kazakhstan Solar Resource Potential
7.3 Licensing Period Duration
7.4 Regional Substation Capacities for Solar PV Power Projects in Kazakhstan
7.5 Overview of Photovoltaic (Solar PV) Power Market in Kazakhstan
7.6 Market Structure Analysis
7.7 Investment Trends and Development Roadmap
7.8 Competitive Environment in Photovoltaic (Solar PV) Power Market
7.9 Profiles of Key Players and Investors in Photovoltaic (Solar PV) Power Market
7.10 Cumulative (CAGR) Installed Photovoltaic (Solar PV) Capacity and Revenue
7.11 Annual Installed Photovoltaic (Solar PV) Capacity and Revenue
7.12 Market Prices for Photovoltaic (Solar PV) Power Projects in Kazakhstan in Development, Ready to Build and Operational (Grid Connected) Condition
7.13 Key Cost Structure Elements of Photovoltaic (Solar PV) Power Plant in Kazakhstan
7.14 Levelized Cost of Energy (LCOE) for Photovoltaic (Solar PV) Power in Kazakhstan
7.15 Key Photovoltaic (Solar PV) Power Projects in Kazakhstan Under Development
7.16 Mergers and Acquisitions

8 DRIVERS AND CONSTRAINTS OF PHOTOVOLTAIC (SOLAR PV) MARKET IN KAZAKHSTAN. SWOT ANALYSIS
8.1 Market Drivers
8.2 Market Drivers Explained
8.3 Market Constraints
8.4 Market Constraints Explained
8.5 SWOT Analysis

9 FINANCIAL ANALYSIS OF PHOTOVOLTAIC (SOLAR PV) MARKET IN KAZAKHSTAN
9.1 Financing Options of Photovoltaic (Solar PV) Power Projects in Kazakhstan
9.2 Financial Model and Analysis of 5 MW Photovoltaic (Solar PV) Power Plant investment in Kazakhstan (IRR, WACC, Payback, NPV, Cash Flow, ETC.)

10 TECHNOLOGY ANALYSIS
10.1 Photovoltaic (Solar PV) Technology Overview
10.2 Technology Trends

11 CIS COUNTRIES RENEWABLE ENERGY POLICY LANDSCAPE
11.1 RES Regulations and Directives of the European Union (EU) affecting CIS countries
11.1.1 Precedent Regulations
11.1.2 EU 2030 Framework for Climate and Energy Policies
11.1.3 EU Energy Roadmap 205
11.2 RES Strategy for CIS Countries Developed by UN ECE
11.2.1 Development of Educational Activity and Personnel Training
11.3 Renewable Energy Sources (RES) Mandatory Targets for CIS Countries

12 KAZAKHSTAN RENEWABLE ENERGY SOURCES (RES) LEGAL AND REGULATORY FRAMEWORK
12.1 Main Laws and Regulations
12.2 Support Schemes
12.3 Recent and Pending Changes in Renewable Energy Law in Kazakhstan
12.4 Auction (Tender) Procedure for Photovoltaic (Solar PV) Power Plants
12.5 Zoning, Planning and Construction Related Authorizations
12.6 Environmental Related Authorizations
12.6.1 Environment Protected Areas
12.6.2 Clean Development Mechanism (CDM) and Joint Implementation (JI)
12.7 Energy Law Authorizations
12.7.1 Power Generation Licensing
12.7.2 Grid Interconnection and quota limitations by 2020
12.7.3 Power Off-Take
12.7.4 Feed-in tariff (FIT)
12.7.5 RES Certificates (Guarantees of Origin)
12.8 Additional Incentives for Photovoltaic (Solar PV) Power Projects in Kazakhstan
12.9 Future Market Pricing Mechanisms

13 KEY STAKEHOLDERS AFFECTING PHOTOVOLTAIC (SOLAR PV) POWER MARKET DEVELOPMENT IN KAZAKHSTAN
13.1 Government Stakeholders
13.2 Non-Government Stakeholders
13.3 Electricity Generation, Transmission System Operator (TSO) and Distribution System Operators (DSO’s)

14 CONCLUSIONS AND RECOMMENDATIONS

15 LIST OF ABBREVIATIONS

16 REFERENCES

17 DISCLAIMER
APPENDIX I. SOLAR MAPS OF CIS COUNTRIES AND KAZAKHSTAN 

List of maps, charts and tables

Map 1: Where is Kazakhstan on the CIS Countries Map    
MAP 2: Major Transport Corridors Passing Through Kazakhstan    
MAP 3: Kazakhstan Administrative Regions Map    
MAP 4: The Synchronous Grids of Europe and the CIS States    
MAP 5: Interconnection Grid Map of Central-East Europe and the CIS States    
Map 6: Electricity Grid Map of Kazakhstan (1150-500-220-110 kV)   
Map 7: Solar Resource Map of Kazakhstan    
MAP 8: Environment Protected Areas in Kazakhstan    
Map 9: Districts covered by East Kazakhstan Regional Energy Company JSC (EK REC)    
MAP 10: Districts covered by PAVLODARENERGO/Central-Asian Electric Power Corporation (CAEPCO)    
Map 11: Solar Irradiation and Solar Electricity Potential for Horizontally Mounted Photovoltaic Modules in Europe and CIS countries    
Map 12: Solar Irradiation and Solar Electricity Potential for Optimally Inclined Photovoltaic Modules in Europe and CIS Countries

Chart 1: Kazakhstan Real GDP Growth for the Period 2008-2028 (including forecast)
Chart 2: Kazakhstan GDP Growth Compared to EU-27 for the Period 2008-2028 (including forecast)
Chart 3: Corporate Tax Income in Selected Central-East Europe (CEE) and Commonwealth Independent States (CIS)
Chart 4: Physical Energy Flows Values in GW in Central-East Europe (CEE) and Commonwealth Independent States (CIS) in 2019  
Chart 5: Share of Renewables in Electricity Generation in Selected Central-East Europe (CEE) Countries and Commonwealth Independent States (CIS), 2019 (in %)  
Chart 6: Average Base Load Electricity Price in Selected European Countries (EUR/MWh): 2008-2019
Chart 7: Forecast for RES Generation Capacity by Source Type in the EU to 2020 and 2030 (in GW)  
Chart 8: Net Power Generation Added Capacities in the EU 28 in 2019 (MW)  
Chart 9: Age of Power Plants in Europe in 2019  
Chart 10: Share of New Power Generation Capacities Added in the EU 28 in 2019 (MW)
Chart 11: Installed Power Generating Capacity per Year (MW) and Renewable Share (in %) 2000 – 2019  
Chart 12: New Installed and Decommissioned Power Generation Capacity in the EU 27 for 2019 (GW)
Chart 13: Cumulative (CAGR) Installed Capacity of Photovoltaic (Solar PV) Power Plants (in MW) in the Commonwealth Independent States (CIS) 2008-2028, including forecast
Chart 14: Cumulative (CAGR) Revenue of Photovoltaic (Solar PV) Power Plants (in Millions USD) in the Commonwealth Independent States (CIS) 2008-2028, including forecast
Chart 15: Annual Installed Capacity of Photovoltaic (Solar PV) Power Plants (in MW) in the Commonwealth Independent States (CIS) 2008-2028, including forecast
Chart 16: Annual Revenue of Photovoltaic (Solar PV) Power Plants (in Millions USD) Commonwealth Independent States (CIS) 2008-2028, including forecast
Chart 17: Existing and Planned High Voltage Interconnection Power Lines of Kazakhstan with Neighbor Countries
Chart 18: Structure of the Existing Wholesale Electricity Power Market in Kazakhstan
Chart 19: Structure of Kazakhstan Power Market
Chart 20: Share of RES electricity from Total Installed Power Capacity in Kazakhstan in 2019
Chart 21: Kazakhstan Total Annual Electricity Consumption (in TWh) 2000-2019
Chart 22: Kazakhstan Power Generation Capacity Breakdown by Source (Fuel) Type in 2019
Chart 23: Electricity Imports and Exports in Kazakhstan 2008-2028 (in TWh) including forecast
Chart 24: Kazakhstan Targets for Renewable Energy Sources (RES) by 2050 (in %)
Chart 25: Cumulative (CAGR) Installed Capacity of Photovoltaic (Solar PV) Power Plants in Kazakhstan (in MW) 2008-2028, including forecast
Chart 26: Cumulative (CAGR) Revenue of Photovoltaic (Solar PV) Power Plants in Kazakhstan (in Millions USD) 2008-2028, including forecast
Chart 27: Annual Installed Capacity of Photovoltaic (Solar PV) Power Plants in Kazakhstan (in MW) 2008-2028, including forecast
Chart 28: Annual Revenue of Photovoltaic (Solar PV) Power Plants in Kazakhstan (in Millions USD) 2008-2028, including forecast
Chart 29: Levelized Cost of Energy (LCOE) for Photovoltaic (Solar PV) Power in Kazakhstan
Chart 30: KAZSEFF Structure
Chart 31: Cumulative Cash Flows and Break-Even Point of 5 MW Photovoltaic (Solar PV) Power Plant Investment in Kazakhstan
Chart 32: Photovoltaic (Solar PV) System Price Evolution (€/Wp) 1990-2019  
Chart 33: Corporate Structure of KEGOC

Table 1: Electricity Prices for Business and Households
Table 2: Support Schemes for Renewable Energy Sources (RES) Generation in the EU Countries and CIS Countries
Table 4: Market Prices for Photovoltaic (Solar PV) Projects in Kazakhstan for 2019-2028 in Development, Ready to Build and Operational (Grid Connected) Condition
Table 5: Key Cost Structure Elements of Photovoltaic (Solar PV) Power Plant in Kazakhstan
Table 6: Database with Major Operational (Grid Connected), Under Construction and Planned Photovoltaic (Solar PV) Projects in Kazakhstan
Table 7: Key Financial Parameters of 5 MW Photovoltaic (Solar PV) Power Plant Investment in Kazakhstan
Table 8: Key Financial Viability Indicators of 5 MW Photovoltaic (Solar PV) Power Plant Investment in Kazakhstan (IRR, NPV, Payback, Benefit-Cost)
Table 9: Project Costs and Savings (Income) Summary of 5 MW Photovoltaic (Solar PV) Power Plant Investment in Kazakhstan
Table 10: Yearly Cash Flows of 5 MW Photovoltaic (Solar PV) Power Plant Investment in Kazakhstan (Pre-tax, After-tax, Cumulative)
Table 11: Crystalline Module Price Trend in 2019  
Table 12: Feed-in-tariffs for Electricity from Renewable Energy Sources (RES) in Kazakhstan

Note: Product cover images may vary from those shown
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  • ABB
  • Astana Solar
  • Bisol Group
  • Central-Asian Electric Power Corporation (CAEPCO)
  • East Kazakhstan Regional Energy Company JSC (EK REC)
  • ecap Solutions GmbH
  • First Solar
  • Fonroche Energie
  • Gazprom
  • JV KT Rear Metals Company
  • KEGOC
  • LukErg Renew
  • Mangistau Distribution Power Grid JSC
  • PavlodarEnergo JSC
  • Promondis
  • Samruk-Energy JSC
  • Schneider Electric
  • Siemens
  • Sumitomo Corporation
  • Toshiba Corporation
Note: Product cover images may vary from those shown
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