- Svevind Energy plans to deploy 45GW of wind and solar capacity for the production of green hydrogen.
- The company expects to complete the project in five years.
- Kazakhstan plans to generate 50 per cent of domestic power demand from renewable energy sources by 2050.
The German company Svevind Energy GmbH plans to deploy 45GW of wind and solar power capacity in Kazakhstan to feed 30GW of electrolysers to produce green hydrogen. Svevind has signed a memorandum of understanding (MoU) with government-owned Kazakh Invest National Company JSC to implement this plan.
The developer plans to produce three million tonnes of green hydrogen manually from the wind and solar park powered electrolysers. The hydrogen produced will be transported to markets in Eurasia or used to local produce products such as ammonia.
The plants are planned to be sited in the Western and Central steppe areas of Kazakhstan. The projects are expected to be developed (engineering, procurement and financing processes) in three to five years.
Teh company believes that the green hydrogen facilities will make Kazakhstan a global leader in renewable energy and hydrogen production. It will see the production of green hydrogen at competitive, ultra-low costs. Kazakhstan has set a target of meeting 50 per cent of domestic power demand from renewable energy sources by 2050.