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Masdar And Partners Sign Investment Agreement For 1Gw Wind Farm In Kazakhstan
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Power Technology
Nov 13, 2024

Masdar And Partners Sign Investment Agreement For 1Gw Wind Farm In Kazakhstan

On the sidelines of Conference of Parties 29 in Baku, Azerbaijan, Masdar, alongside its partners, has signed an investment agreement for the development of a 1GW wind farm in Kazakhstan.

The wind farm, which will be Masdar’s first project in Kazakhstan, is situated in the Jambyl region and will include a 600MWh battery storage system.

This initiative is part of a collaborative effort involving W Solar, Qazaq Green Power, and the Kazakhstan Investment Development Fund, with Masdar as the lead developer.

United Arab Emirates (UAE) Minister of Energy and Infrastructure Suhail Mohamed Al Mazrouei said: “Today marks an important milestone for the UAE and Kazakhstan and highlights the strength of our strategic partnership.

“We are proud to support Kazakhstan’s net-zero ambitions while in pursuit of implementing the key pillar of the historic UAE Consensus of tripling global renewable energy by 2030.”

Construction of the wind facility is set to begin by the first quarter (Q1) of 2026.

Once completed, the wind project is set to bolster Kazakhstan’s energy transition, aligning with the country’s goal to augment its renewable energy capacity to 15% by 2030 and 50% by 2050, eventually leading to carbon neutrality by 2060.

Masdar CEO Mohamed Jameel Al Ramahi said: “With Masdar’s proven success in implementing large-scale renewable energy projects worldwide, we are confident that this 1GW wind farm will have demonstratively positive impact in its surrounding region.

“In our ongoing collaboration with the government of Kazakhstan, as well as our valued partners at W Solar, Qazaq Green Power and the Kazakhstan Investment Development Fund we’re excited to see the continued growth of this project and the benefits it will bring to the region.”

Earlier this month, Masdar, Sarawak Energy, and Gentari conducted a feasibility study for a large-scale floating solar plant on the Murum reservoir in Sarawak, Malaysia.

The companies signed a joint study agreement to assess the technical, environmental, and economic aspects, aiming to determine the project’s viability.