SMART CITIES
42 stan . Lack of domestic technical know-how , coupled with the expense of foreign renewable technology , competes with cheaper , abundant domestic fossil-fuel based energy . Despite a limited number of institutional investors in renewable energy in Kazakhstan , local green energy experts argue that it is necessary to continue seeking funding due to declining capital costs of renewable energy sources . The country ’ s leadership is now actively searching for foreign investors to develop renewable
‘ IN 2017 , KAZAKHSTAN WAS CHOSEN TO HOST EXPO-2017 , AN INTERNATIONAL GREEN ENERGY EXPOSITION ’ energy potential . Last year , the European Bank for Reconstruction and Development ( EBRD ) pledged to invest € 200mn to finance the construction and operation of solar , wind , small hydropower , and biogas infrastructure as well as upgrades of the electricity grid to facilitate the integration of renewable energy sources into the grid . Kazakhstan is also seeking to attract $ 480mn in
SEPTEMBER 2018