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Abu Dhabi-based renewable energy company Masdar owns Sign the 1GW wind farm project development roadmap in Kazakhstan.
The company, along with Kazakhstan’s energy ministry, the Kazakhstan Investment Development Fund and the country’s sovereign wealth fund Samruk-Kazyna, have drawn up a roadmap for the project, which will include a battery storage system.
It follows an agreement signed between the UAE company and its Kazakh partner in January 2023.
The development of the wind farm will help Kazakhstan achieve its goal of getting half of its energy from renewable sources by 2050.
The wind farm will be Masdar’s first project in the country, which aims to be carbon neutral by 2060.
Mohamed Jameel Al Ramahi, CEO of Masdar, said: “Masdar is very excited about its first project in Kazakhstan. Our aim is to provide world-class wind farms and battery energy storage systems to support the Stein’s energy transition and achieving its net zero emissions target.
“We welcome the signing of the project roadmap, which further strengthens our relationship with Kazakhstan and demonstrates our commitment to helping the Kazakh government achieve its clean energy goals.”
Masdar has identified Central Asia as a strategic market.
In April 2023, the company’s three solar projects with a total installed capacity of 900MW in Uzbekistan will achieve financing delivery.
These projects will provide enough electricity for more than 1 million homes and offset more than 1 million tons of carbon dioxide emissions annually.
The company and its partners Infinity Power and Hassan Allam Utilities also have an agreement with the Egyptian Authority for New and Renewable Energy, Develop 10GW onshore wind farm.
The project will require an investment of US$10 billion (AED36.73 billion).
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