BAKU, Azerbaijan, January 9. The European Bank for Reconstruction and Development (EBRD) is providing a 25 million euro loan to Sarens Kazakhstan, a subsidiary of the Belgian multinational Sarens Group, to support its expansion in heavy-lifting, engineered transportation, and installation services, TurkicWorld reports via the EBRD.
The funding is aimed at meeting the increasing demand for industrial infrastructure in Kazakhstan’s renewable energy and logistics sectors.
The loan will enable Sarens Kazakhstan to acquire high-capacity cranes, specialized trailers, and other vehicles necessary to enhance its operational capabilities. The equipment purchased with the funds is expected to facilitate the installation of at least 11.75 GW of additional wind energy capacity, advancing Kazakhstan’s goal of raising the share of renewables in its total energy output to 15% by 2030.
In addition to supporting the renewable energy transition, the project will contribute to the development of logistics infrastructure along the Trans-Caspian International Transport Route (TITR).
Since its inception, the EBRD has invested nearly 10.3 billion euro across 342 projects in Kazakhstan, focusing primarily on private-sector development.
