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Lowest bid in Kazakhstan's first solar auction reaches $0.05170/kWh
https://www.pv-magazine.com/2018/10/19/lowest-solar-bid-in-kazakhstans-first-re-auction-reaches-0-051-kwh/Four PV projects totaling 170 MW were selected in the first of a series of RE auctions to be held this year. Overall, the Kazakh government is planning to assign 290 MW of solar and a total of 1 GW of renewable energy capacity.
Kazakhstan operator of electricity and power market operator JSC KOREM has unveiled the results of the first solar auction. The regulator said 28 applications were received from 20 companies, with project capacities ranging from 10.2 MW to 100 MW. The total volume of proposed capacity was 1.27 GW.
JSC KOREM selected four PV projects totaling 170 MW in the auction. The lowest bid was KZT 18.6 (US$0.05170)/kWh, submitted for a 50 MW project proposed by JSC Hydroenergy company.
Two more projects submitted by Avelar Solar Technology, a unit of Russian module maker Hevel Solar, saw bids of KZT 18.6 ($0.05115)/kWh and KZT 18.6 ($0.06187/kWh), respectively. A fourth project was submitted by Shell Kazakhstan B.V. Branch, the local unit of multinational oil company Shell, which offered a price of KZT 22.9 ($0.06297)/kWh.
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