Investors in renewable energy required to install energy storage systems in Kyrgyzstan
QAZAQ GREEN. The President of Kyrgyzstan has signed amendments to the Law “On Renewable Energy Sources,” introducing new rules for investors and reshaping the structure of the country’s green energy market, reports Vecherniy Bishkek.
The key innovation is the requirement for solar and wind power plants to be equipped with energy storage systems with a capacity of at least 30% of the facility’s installed capacity. This measure aims to mitigate risks associated with unstable electricity generation due to weather conditions, ensuring a more consistent supply to the national grid.
According to the law, investment projects will now be selected through transparent auctions and competitions. The main criterion for winning will be the lowest tariff offer or the most favorable financial and technical conditions. At the same time, the state retains the right to reclaim land allocated for renewable energy projects if the investor fails to use it as intended within two years.
The amendments also address financial aspects: for major players, tariffs can now be fixed in foreign currency to reduce exchange rate risks, although all domestic transactions will continue to be conducted in soms. In the microgeneration segment, the tariff is now tied to end-user prices, and the electricity purchase coefficient has been reduced from 1.3 to 1.0. As before, excess electricity must be purchased by the single buyer at rates set by the Cabinet of Ministers. The law has officially come into force.