Technology News

LUKOIL Builds Solar Plant in Kazakhstan for Sustainable Energy

Quick Look:

  • LUKOIL starts construction of a 4.95 MW solar plant near its lubricants facility.
  • Phase 1 (2 MW) completion is set for 2024, marking a key milestone.
  • Kazakhstan has 146 renewable facilities, totaling 2.8 GW capacity.

LUKOIL is starting the construction of a solar power plant in Almaty region, Kazakhstan, a significant step towards sustainable energy and reducing carbon emissions. This project reflects LUKOIL’s dedication to energy efficiency and aligns with the global trend towards sustainable energy production.

The solar power plant, designed with a 4.95 megawatts (MW) capacity, strategically adjoins the LUKOIL lubricants plant. This wholly-owned subsidiary provides production facilities with eco-friendly solar energy. Moreover, the project’s initiation underscores LUKOIL’s commitment to integrating renewable energy into its operations, thus aiding the global fight against climate change. In addition, the initial phase of construction, comprising a 2 MW capacity, is slated for completion by 2024. This will mark a significant milestone in Kazakhstan’s renewable energy sector.

Renewable Energy Progress in Kazakhstan

Kazakhstan’s commitment to renewable energy is evident in its energy infrastructure. It includes 222 power plants and 146 renewable energy facilities, boasting a total capacity of 2.8 GW.

As of January 1, 2024, Kazakhstan’s total available power capacity reached 20.4 GW. It is a recorded maximum consumption of 16.6 GW during the current autumn-winter period. Additionally, LUKOIL’s solar power plant construction aligns with Kazakhstan’s broader objectives of diversifying its energy sources and reducing reliance on fossil fuels.

Related Post

LUKOIL’s Global Environmental Commitments

In December 2023, LUKOIL joined the Oil & Gas Decarbonization Charter (OGDC) and 50 of the world’s largest energy companies. Subsequently, by participating in the OGDC, LUKOIL demonstrates its active engagement in adopting sustainable practices and technologies, strengthening its position as a key player in the global transition towards cleaner energy solutions.

LUKOIL’s venture into solar power in Kazakhstan signifies a significant stride in the global shift toward sustainable energy. This initiative strengthens the company’s environmental standing and sets a benchmark for the energy sector.

User Review
0 (0 votes)

Recent Posts

  • Commodity News

Oil Prices Rise on US Rate Cuts Hope, China Demand Recovers

On Monday, oil prices inched higher on anticipated lower US interest rates and rebounded Chinese…

9 hours ago
  • Technology News

UK AISI Expands Overseas, Opens Office Near US AI Epicenter

The UK government on Monday took a significant step with its artificial intelligence (AI) endeavors,…

10 hours ago
  • Stock News

Nvidia Stock Sinks as Microsoft Reveals Partnership with AMD

On Friday, Nvidia Corp.'s shares slid after Microsoft collaborated with AMD to navigate the advanced…

11 hours ago
  • Stock News

Reddit Shares Surge Amid OpenAI’s ChatGPT Training Deal

On Thursday, Reddit shares rose amid its collaboration with OpenAI to train ChatGPT on the…

3 days ago
  • Technology News

OpenAI Strikes Deal to Allow ChatGPT to Access Reddit Posts

On Thursday, OpenAI announced a collaboration enabling ChatGPT to train using data from Reddit discussions…

3 days ago
  • Commodity News

Sugar Prices Pulled Down by Abundant Global Supplies

On Thursday, sugar prices extended their losses amid reports indicating lower futures driven by a…

3 days ago

This website uses cookies.