Creating jobs
Every $1 million invested in Solar energy creates 14 jobs, in wind energy these are 13 jobs
Creating investment opportunities
Supported by a Power Purchase Agreement (ppa), IRR’s well above 10 % are possible
Every $1 million invested in Solar energy creates 14 jobs, in wind energy these are 13 jobs
Supported by a Power Purchase Agreement (ppa), IRR’s well above 10 % are possible
With a portfolio of 350 MW Solar PV and 5 MW Biogas we are advancing our ambitious growth strategy in Kazakhstan and Central Asia.
In Poland we are through a strategic alliance pursuing large scale utility projects in Wind and Solar. A total portfolio in development of 250 MW.
In Angola we started through a JV the development of 500 MW renewable energy.
Kazakhstan is rich in natural resources including coal, oil, natural gas and uranium and has significant renewable potential from wind, solar, hydropower and biomass. Despite this, the country is still depending upon fossil fuels for power generation. Coal-fired plants account for 75 % of total power generation leading to concerns over greenhouse gas emission and impacts on human health and environment. Strong economic growth in Kazakhstan has driven increased demand for additional energy capacity. On May 27th, 2014, the government of the Republic of Kazakhstan has approved feed-in tariffs for electricity produced from renewable energy sources.
Foreign investors perceive several attractive characteristics in Kazakhstan: (Ernst & Young’s 2012 Kazakhstan Attractiveness Survey: Bridging the Perception Gap, 2012).
In 2016, global renewable electricity generation grew by an estimated 6% and represented around 24% of global power output. In 2015, net additions to grid-connected renewable electricity capacity reached a record high at 153 GW, 15% higher than in 2014. For the first time, renewables accounted for more than half of new additions to power capacity and overtook coal in terms of world cumulative installed capacity.
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QWAY energy was established in January 2017 in Antwerp, Belgium. In May 2017, we opened our office in Astana.