ACWA Power signs roadmap agreement for 1GW wind energy and battery storage project in Kazakhstan

ACWA Power signs roadmap agreement for 1GW wind energy and battery storage project in Kazakhstan

Riyadh, Saudi Arabia – ACWA Power, a leading Saudi developer, investor, and operator of power generation, water desalination and green hydrogen plants worldwide, announced the signing of the Roadmap Agreement with the Ministry of Energy of Kazakhstan and Samruk-Kazyna, Kazakhstan's Investment Development Fund and sovereign wealth fund, for the 1GW wind energy and battery storage project within the Central Asian country. This significant milestone establishes the project's roadmap, providing a clear direction for the formalisation of processes and paving the way for construction.

The agreement was signed by H.E. Almassadam Satkaliyev, Minister of Energy of the Republic of Kazakhstan; Nurlan Zhakupov, CEO of Samruk-Kazyna; Basil Yernat Duisenbekuly, Deputy Governor of the Zhetysu region; and Marco Arcelli, CEO of ACWA Power. The ceremony also had the honour of the presence of HRH Prince Abdulaziz bin Salman Al Saud, the Minister of Energy of the Kingdom of Saudi Arabia.

"The signing today exemplifies the remarkable progress of the 1GW wind and battery storage project, setting the stage for Kazakhstan's stride towards its clean energy ambitions. The transformative project will have a profound impact on the country's socioeconomic landscape, and we are truly honoured to be an integral part of this journey, said Marco Arcelli,