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Abu Dhabi’s Future Energy Company (Masdar), the world’s leading clean energy company, has signed a roadmap for the development of up to 1 gigawatt (GW) of wind farms in Kazakhstan, aiming to derive half of its energy mix from renewables by 2050 .
The Central Asian country is an important strategic market for Masdar, the UAE’s flagship renewable energy company, which has been investing steadily in the region in recent years.
During the Astana International Forum, four partners signed a roadmap for the development of up to 1 GW of wind energy projects and battery energy storage systems (BEES).
The signing ceremony was witnessed by Suhail Mohamed Al Mazrouei, UAE Minister of Energy and Infrastructure. The signatories are: Masdar, Ministry of Energy of the Republic of Kazakhstan, Kazakhstan Investment and Development Fund (KIDF) Management Ltd., and JSC Sovereign Wealth Fund Samruk-Kazyna.
sustainable development
Dr. Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, Chairman of Masdar and Chairman-designate of COP28, said: “The UAE and Masdar are proud to support Kazakhstan’s renewable energy goals. This wind project will generate up to 1 GW of Clean electricity to power homes and reduce emissions demonstrates sustainable action in action.Many bold steps will need to be taken to meet the Paris Agreement’s goal of keeping 1.5 within achievable Tripling global renewable energy capacity. As host of COP28, the UAE is firmly committed to investing and partnering with countries to promote clean energy around the world.”
Kazakhstan aims to become carbon neutral by 2060 and plans to achieve 50% renewable energy generation 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 cooperation agreement for the project. The signing of the roadmap builds on an earlier agreement between Masdar and its Kazakh partners during the Abu Dhabi Sustainability Week in January 2023.
Mohamed Jameel Al Ramahi, CEO of Masdar, said: “Our aim is to deliver a world-class wind farm and battery storage system to support Kazakhstan’s energy transition and achieve its net-zero emission goals. We welcome the signing of the project roadmap This will further strengthen our relationship with Kazakhstan and demonstrate our commitment to helping the Kazakh government achieve its clean energy goals.”
risk mitigation
Marat Tulebaev, CEO of Kazakhstan Investment Development Fund (KIDF) Management Co., Ltd. said: “KIDF is a government risk mitigation mechanism designed to provide comfort to foreign investors and global players like Masdar through joint investment projects. We are pleased to note the progress of the first phase of the largest 1GW wind farm construction project developed in Zhambyl region.
“This is an important step forward in our country’s co-implementation of Masdar’s first wind energy project. We look forward to strengthening our partnership in the future and believe this project will energy to meet our country’s growing electricity demand.”
Nurlan Zhakupov, CEO of Samruk-Kazyna, said: “I am delighted that the fund is now part of the project. Today we have consolidated this by signing a cooperation agreement between the fund and Masdar, which will be the basis for further cooperation Starting point. We also signed a calendar action plan (roadmap) between the Fund, the Ministry of Energy, KIDF and Masdar, specifying the main activities, responsible parties and deadlines.”
strategic market
Central Asia is sunny and sunny, which is Masdar’s strategic market. In April 2023, Masdar completed the financing of three solar projects in Uzbekistan with a total installed capacity of approximately 900 MW. Once operational, the plants will generate enough electricity to power more than one million homes annually and emit more than one million tons of carbon dioxide, making them the largest solar power project in the region.
In Azerbaijan, Masdar is developing the 230 MW Garadagh solar power plant and has signed agreements for onshore wind and solar projects, and an integrated offshore wind and green hydrogen project with a total installed capacity of 4 GW.
Established in 2006, Masdar is the center of clean energy in the United Arab Emirates. It is active in more than 40 countries and has invested in a portfolio of renewable energy projects with a total installed capacity of more than 20 GW. Masdar aims to achieve a total installed renewable energy capacity of at least 100 GW by 2030. — trade arab news agency
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