Masdar to develop Wind Power Plant in Kazakhstan
(Oilandgaspress) Masdar signed a roadmap for developing up to 1 gigawatt (GW) wind power plant in Kazakhstan to support the country’s goal of achieving half its energy mix from renewables by 2050.
The Central Asian country is a key strategic market for Masdar, the UAE’s flagship renewable energy company, which has been steadily investing in the region in recent years. The roadmap for developing the up to 1 GW wind project, with a battery energy storage system (BEES), was signed by four partners on the sidelines of the Astana International Forum. HE Suhail Mohamed Al Mazrouei, UAE Minister of Energy and Infrastructure, witnessed the signing. The signatories were: Masdar, the Ministry of Energy of the Republic of Kazakhstan, the Kazakhstan Investment Development Fund (KIDF) Management Company Ltd., and Samruk-Kazyna, a joint stock company sovereign wealth fund.
Kazakhstan aims to become carbon neutral by 2060 and is targeting renewable electricity generation of 50 percent by 2050. The up to 1 GW wind farm, with BESS, is Masdar’s first project in the country. In addition to the roadmap, Samruk-Kazyna and Masdar signed a collaboration agreement for the project. The roadmap signing builds upon an earlier agreement secured between Masdar and its Kazakh partners during Abu Dhabi Sustainability Week in January 2023.
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