Astana:Kazakhstan has invested a total of 917 billion tenge (approximately $2.1 billion) in renewable energy development from January 2014 to December 2025. This information comes from the National Energy Report prepared by the Kazenergy Association in cooperation with S and P Global.

According to Trend News Agency, the report highlights that the largest investment volumes were recorded in 2019 and 2023, with each year exceeding $400 million. The introduction of an auction-based system in 2018 simplified the investment process and significantly increased investor interest in the sector, resulting in investments nearly tripling that year and more than doubling in 2019.

However, this upward investment trend was disrupted by the COVID-19 pandemic in 2020, leading to a decline in annual investment volumes for three consecutive years. In 2023, investments reached a new record of 199 billion tenge (approximately $437 million), only to fall sharply in 2024 to around 22.5 billion tenge ($48 million). In 2025, investment figures rose again to 175 billion tenge (approximately $335 million), nearing the 2023 level.

Between 2018 and 2025, Kazakhstan organized 103 auctions for selecting renewable energy projects with a total capacity of 6.9 GW. Through these auctions, 206 projects with a combined capacity of 5.8 GW were selected, comprising 3.43 GW of wind power plants, 1.42 GW of solar power plants, 0.95 GW of small hydropower plants, and 0.03 GW of biogas facilities.

More than 260 companies from 14 countries participated in the auctions, including Kazakhstan, Russia, China, Türkiye, the Netherlands, France, the United Arab Emirates, Bulgaria, Italy, Germany, Malaysia, Singapore, South Korea, and Spain. In April 2025, Kazakhstan conducted its first auction for large-scale wind power projects equipped with energy storage systems, offering 1 GW of capacity in the Northern Energy Zone.