- Masdar has signed an agreement to develop up to a 1 GW wind power project in Kazakhstan.
- The project’s first phase will focus on deploying a capacity of 500 MW with the possible inclusion of battery storage.
Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, signed an agreement with Bolat Akchulakov, the Minister of the Kazakh Ministry of Energy, and Nurlan Zhakupov, Chief Executive Officer of Kazakhstan Investment Development Fund (KIDF) Management Company Ltd., at an event in the Presidential Palace in Abu Dhabi.
As per the agreement, the three parties will jointly develop up to a 1 GW wind power project, with the first phase focused on deploying a capacity of 500 megawatts (MW) with the possible inclusion of battery storage.
Chief Executive Officer of Masdar, Mohamed Jameel Al Ramahi, said, “We look forward to strengthening our relationship with Kazakhstan and supporting the Kazakh Government’s achievement of its clean energy objectives. Masdar has already developed a strong presence in Central Asia. By leveraging our regional experience, we aim to deliver a world-class wind plant to support Kazakhstan’s energy transition and advance its net zero ambitions.”
Chief Executive Officer of KIDF, Nurlan Zhakupov, said, “We are pleased that Masdar, one of the leading global players in the renewable energy field, has chosen us as a partner for the joint implementation of a wind farm in Kazakhstan with up to 1 GW total capacity. We look forward to enhancing our cooperation and establishing a long-term strategic partnership with Masdar to develop renewable energy projects in Kazakhstan.”
Kazakhstan is pursuing a goal of reaching carbon neutrality by 2060 and aiming to increase its share of renewable energy in domestic electricity generation to 10 per cent by 2030 and 50 per cent by 2050.