At the Hydrogen in Central Asia & Caspian 2024 summit in Astana, Dmitriy Artemyev, Project Finance Advisor at Birkap, shared expert insights on navigating the complexities of energy transition projects, especially those related to green hydrogen. Below is the interview video, followed by key highlights from Dmitriy’s remarks.

Source: Globuc

Dmitriy highlighted the growing diversity in energy projects, from solar and wind to emerging green hydrogen and ammonia ventures. A critical factor in overcoming these challenges is the offtake agreement, which remains central to project bankability. However, Dmitriy noted that off-takers often hesitate to commit to long-term agreements for green hydrogen, creating hurdles for financing. Kazakhstan, he explained, has a distinct advantage thanks to its extensive project management experience in the oil and gas sector, which can be applied to green energy projects.

Successful energy transition projects align the interests of contractors, off-takers, and shareholders, ensuring they can adapt to challenges like evolving technologies. Dmitriy also stressed the importance of starting the financing process early, incorporating risk mitigation strategies like state support and tailored insurance solutions. Kazakhstan's ability to leverage its expertise while embracing innovative approaches could position it as a leader in green hydrogen development.

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