Kazakhstan announces just energy transition investment platform
Kazakhstan has today, at the Regional Ecological Summit 2026 in Astana, announced its just energy transition investment platform (QaJET), as part of its climate, economic resilience and development goals.
QaJET reflects the country’s ambition to advance clean energy transition by deploying 10 GW of new renewable capacity by 2035. This will entail around US$ 20 billion (€17.4 billion) of investment from a range of private and state sources, and will lead to the reduction of greenhouse gas (GHG) emissions by more than 20 million tonnes a year. This represents approximately 7 per cent of the country’s energy-related GHG emissions.
A memorandum of understanding (MoU) was signed by Kazakhstan’s Minister of Energy Yerlan Akkenzhenov, Minister of Ecology and Natural Resources Yerlan Nyssanbayev, and EBRD Managing Director, Central Asia and Mongolia, Hüseyin Özhan. The MoU establishes the foundation for cooperation with international financial institutions, donors, philanthropic organisations and private investors supporting QaJET’s implementation.
This is a significant milestone for Kazakhstan, which has a carbon-intensive heavy industry and relies significantly on coal for electricity generation. At the request of the government of Kazakhstan, the EBRD has been helping the ministries to develop the concept of QaJET and will continue to lead the coordination of its implementation with national and international partners.
QaJET reinforces Kazakhstan’s existing commitment to achieving carbon neutrality by 2060 and, as set out in its Nationally Determined Contribution, to reducing its net GHG emissions by up to 25 per cent by 2030 compared to 1990 levels.
In addition, the QaJET platform will contribute to greater energy security for the country, improve economic competitiveness and resilience, and stimulate the local production of technologically advanced renewable energy components and related services.
Areas of cooperation under QaJET will include:
The EBRD will draw on lessons learned from previous EBRD-supported country platforms, such as Egypt’s Nexus for Water, Food and Energy (NWFE) – Energy Pillar, the North Macedonia Just Energy Transition Investment Platform (JETIP), and the Türkiye Industrial Decarbonisation Investment Platform (TIDIP).
The EBRD has invested almost US$ 12 billion (€10.2 billion) in Kazakhstan to date through 345 projects, making the country the largest and longest‑running recipient of EBRD investment in Central Asia.
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Tbilisi Waterfront sells out second sales phase in a single day
08.05.2026.11:00
Eagle Hills Georgia today confirmed that the second sales phase of Tbilisi Waterfront, its flagship mixed-use development on the banks of the Mtkvari, achieved a complete sell-out on the day of its launch – May 7th.
The second launch introduced apartments positioned adjacent to the project's Bristol branded luxury hotel. The location places residents within the heart of the development's lifestyle precinct, which will feature curated luxury retail, cafés, a sports complex, a spa, and a broad range of additional amenities.
The current success builds on the momentum established by the project's inaugural sales launch in January 2026, which placed around 300 residential units - a mix of apartments, townhouses, and riverside villas, and also achieved a same-day sell-out. Eagle Hills Georgia will shortly bring its next sales launch to market, featuring townhouses and villas.
Tbilisi Waterfront represents a total investment of approximately USD 3+ billion and stands among the largest investment commitments in Georgia's history. The project is expected to make a meaningful contribution to national GDP through construction activity, long-term operations across hospitality, retail and property management, and broader indirect and induced economic effects.
The success of the current phase further reinforces Eagle Hills' deepening presence in Georgia. Alongside Tbilisi Waterfront, Eagle Hills is advancing Gonio Yachts & Marina, a 250-hectare waterfront development near Batumi anchored by a world-class marina district and incorporating branded residences, luxury hotels, retail, and extensive green open spaces.
Its official launch is planned in the coming months. Together, the two developments represent combined investments exceeding USD 6+ billion, underscoring Eagle Hills' long-term commitment to delivering institutional-quality waterfront destinations across Georgia.
