Kazakhstan is seeking about $20 billion in public and private investment through QaJET, an energy transition platform intended to expand renewable power and address constraints on the national grid.
The European Bank for Reconstruction and Development (EBRD), which helped develop the platform, says QaJET aims to add 10 gigawatts of renewable capacity by 2035. It projects annual greenhouse gas reductions of more than 20 million metric tons, equivalent to about 7% of Kazakhstan’s energy-related emissions.
The investment figure, which the EBRD also puts at €17.4 billion, is an ambition rather than a total of secured financing. Kazakhstan’s Energy Ministry calls it an estimated investment need and says officials are still developing the projects and financing mechanisms.
The scale of the plan reflects Kazakhstan’s reliance on fossil fuels for electricity. Energy research group Ember says they supplied 85% of the country’s power in 2025. The EBRD has identified limited grid capacity and regulatory barriers as obstacles to renewable investment, though it says changes to auctions and power purchase contracts have helped draw private investors.
QaJET covers renewable electricity projects and pilot projects for renewable heat. It also calls for battery storage, transmission and distribution upgrades, and electrification for businesses and households. Other priorities include technology transfer, research and development, and support for a just transition.
The EBRD says the platform is intended to strengthen energy security and competitiveness while supporting local production of renewable-energy components and services. It cites earlier country platforms in Egypt, North Macedonia and Türkiye as precedents. Kazakhstan’s wider climate goals include carbon neutrality by 2060 and a reduction of up to 25% in net greenhouse gas emissions by 2030 from 1990 levels.
The Energy Ministry said Sept. 30 that work on QaJET’s project portfolio and financing was continuing. Its next stated milestone is a formal launch at COP31 in Antalya in November.
