EBRD Grants €25 Million Loan To Sarens Kazakhstan To Boost Renewable Energy And Logistics Infrastructure Across Central Asia
- Özcan Berk Atakan
- 2 days ago
- 2 min read
The European Bank for Reconstruction and Development (EBRD) is supporting the increasing demand for industrial infrastructure in Kazakhstan and across Central Asia, particularly in the renewable energy and logistics sectors. As part of this effort, the Bank is providing a loan of up to €25 million (in KZT equivalent) to Sarens Kazakhstan, a wholly owned subsidiary of the Belgium-based Sarens Group, an international company recognised for its work in heavy lifting, engineered transportation, and installation services.
This financing will help Sarens Kazakhstan expand its integrated engineering solutions by enabling the company to purchase high-capacity cranes, trailers, specialised vehicles, and other equipment required for large-scale industrial operations. The loan will also support the company’s working capital needs, allowing it to operate more efficiently as demand for its services increases.
The new equipment to be procured through the EBRD loan is expected to play a significant role in Kazakhstan’s renewable energy development. It is estimated that the machinery will support the installation of at least 11.75 GW of additional wind power capacity. This will contribute directly to the government’s goal of raising the share of renewable energy to 15 per cent of the country’s total energy production by 2030. Beyond the renewable energy sector, the project will help strengthen logistics infrastructure along the Trans-Caspian Corridor, an important route that enhances sustainable transport connections between Europe and Central Asia. Improved logistics capacity will support regional trade and long-term economic development.
The EBRD’s long-term loan provides a financing maturity not currently available from local commercial banks, reflecting the Bank’s commitment to supporting green transformation and sustainable infrastructure across its regions of operation. To date, the EBRD has invested nearly €10.3 billion in Kazakhstan through 342 projects, the majority of which focus on boosting private sector development.
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