Solidcore to build 23 MW Solar Power Plant at Kazakhstan Gold Mine

On Thursday, Kazakhstan-based gold mining company Solidcore Resources plc announced that its board of directors has approved the construction of a 23 MW solar power plant at the Varvara mine in northern Kazakhstan. This initiative is part of the company’s strategy to reduce its carbon footprint.

In addition to the solar plant, Solidcore will also build a 40 MW gas piston power plant at the site to ensure a stable power supply by compensating for the variability of solar energy generation.

The combined investment for these projects is estimated at USD 55 million (EUR 49.4 million), with operations expected to commence by the second quarter of 2026. These facilities will nearly eliminate the need for third-party electricity sourced from coal-powered stations.

With these projects, Solidcore Resources aims to significantly reduce both its carbon emissions and energy costs.

The company is also exploring the possibility of constructing a 17 MW solar plant at its Kyzyl gold mine, which could be operational by the end of 2026. Once both solar plants are online, Solidcore anticipates reducing its greenhouse gas emissions by 27% compared to 2023 levels.