Kazakhstan invests $2.1 billion in renewable energy development

Kazakhstan invested approximately $2.1 billion in renewable energy development between January 2014 and December 2025, according to a report by the Kazenergy Association and S&P Global.

The government introduced an auction based system in 2018 to simplify the investment process and attract interest. This move caused investments to nearly triple in 2018 and more than double in 2019.

Although the COVID-19 pandemic caused a three year decline in annual investment volumes, the sector reached a record high of roughly $437 million in 2023. After a sharp drop in 2024, investment rose again to about $335 million in 2025. The Kazenergy Association says the country held 103 auctions to select renewable energy projects with a total capacity of 6.9 GW. These auctions selected 206 projects totaling 5.8 GW, which include wind, solar, small hydropower, and biogas facilities.

Over 260 companies from 14 countries participated in these auctions. In April 2025, the country held its first auction for large scale wind power projects with energy storage systems in the Northern Energy Zone.