Masdar signs roadmap for 1GW wind project in Kazakhstan

Masdar signs roadmap for 1GW wind project in Kazakhstan

Local News, Uncategorized















ABU DHABI / WAM

Abu Dhabi Future Energy Company — Masdar has signed a roadmap for developing up to 1 gigawatt (GW) wind power plant in Kazakhstan to support the country’s goal of achieving half its energy mix from renewables by 2050.

The Central Asian country is a key strategic market for Masdar, the UAE’s flagship renewable energy company, which has been steadily investing in the region in recent years. The roadmap for developing the up to 1 GW wind project with a battery energy storage system (BEES) was signed by four partners on the sidelines of the Astana International Forum.

Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, witnessed the signing. The agreement was signed by Masdar; the Ministry of Energy of the Republic of Kazakhstan; the Kazakhstan Investment Development Fund (KIDF) Management Company Ltd; and Samruk-Kazyna, a joint stock company sovereign wealth fund.

Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, Chairman of Masdar and COP28 President-Designate, said, “The UAE and Masdar are proud to be supporting Kazakhstan’s renewable energy goals. This wind project, which will generate up to