The United Arab Emirates' renewable energy company, Masdar, has announced the signing of an investment agreement to develop a 1 GW wind farm in Kazakhstan in collaboration with its partners.
Publish dateSaturday 16 November 2024 - 11:27
According to Amac News: The agreement was signed on the sidelines of COP29 in Baku, with the presence of Nurlan Baibazarov, Deputy Prime Minister and Minister of National Economy of Kazakhstan, and Mohamed Jameel Al Ramahi, CEO of Masdar.
The contract was signed by Almassadam Satkaliyev, Kazakhstan's Minister of Energy, and Abdulla Zayed, Director of Business and Project Development at Masdar.
This wind farm marks Masdar's inaugural project in Kazakhstan, the largest economy in Central Asia, and is located in the Jambyl region of the country.
The 1 GW wind project is being co-developed by W Solar, Qazaq Green Power (a subsidiary of Samruk-Kazyna Group), and the Kazakhstan Investment Development Fund, with Masdar as the lead developer.
This investment underscores Kazakhstan's potential as a major producer of clean energy and is set to be one of the largest wind farms in the Commonwealth of Independent States (CIS) region.
Construction of the project is expected to commence in the first quarter of 2026. Once completed, the wind farm will provide power to approximately 300,000 homes in southern Kazakhstan and will help avoid the emission of 2 million tons of CO2 per year.
The contract was signed by Almassadam Satkaliyev, Kazakhstan's Minister of Energy, and Abdulla Zayed, Director of Business and Project Development at Masdar.
This wind farm marks Masdar's inaugural project in Kazakhstan, the largest economy in Central Asia, and is located in the Jambyl region of the country.
The 1 GW wind project is being co-developed by W Solar, Qazaq Green Power (a subsidiary of Samruk-Kazyna Group), and the Kazakhstan Investment Development Fund, with Masdar as the lead developer.
This investment underscores Kazakhstan's potential as a major producer of clean energy and is set to be one of the largest wind farms in the Commonwealth of Independent States (CIS) region.
Construction of the project is expected to commence in the first quarter of 2026. Once completed, the wind farm will provide power to approximately 300,000 homes in southern Kazakhstan and will help avoid the emission of 2 million tons of CO2 per year.
amacnews.com/vdch.-nit23nv-10d2.html
Source : news agency wam
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