Renewable energy sources are forecast to account for 34% of the total electricity generation capacity in Kazakhstan by 2035, compared with 21% in 2023, according to GlobalData’s power capacity and generation database. GlobalData uses proprietary data and analytics to provide a complete picture of Kazakhstan’s renewable energy market in its Kazakhstan Power Market Outlook to 2035 report. Buy the report here.
Of all renewable energy sources, the share of solar PV power generation capacity is forecasted to change from 5% in 2023 to 12% in 2035.
The share of wind power is expected to reach 10% in 2035, compared with a 11% share in 2023. Biopower is forecast to account for 0.18% shares of Kazakhstan’s total electricity generation capacity, in 2035, as against 0.06% shares in 2023.
In terms of capacity additions, the total renewable energy capacity is expected to see 6557.95 MW of additions in Kazakhstan during the forecast period while the non-renewable energy segment is likely to see 3696 MW of additions.
CAGR growth of key renewables in Kazakhstan
Renewable generation capacity in Kazakhstan is expected to reach 9GW in 2035 at a CAGR of 7% during 2023-2035.
Biopower power is expected to record highest growth rate of 12.08% by 2035, followed by wind with 11%. Other renewable energy sources such as hydro is estimated to have growth rate of 2%.
Hydrogen and CCS plants in pipeline in Kazakhstan
A total of three hydrogen and six carbon capture and storage (CCS) plants are expected to be developed in Kazakhstan by the end of 2035.
For more detailed analysis of the renewable energy market in Kazakhstan, buy the report here.
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