UAE and Kazakhstan sign agreements to develop 1GW of renewables capacity

UAE and Kazakhstan sign agreements to develop 1GW of renewables capacity

The UAE and Kazakhstan signed an agreement outlining a commitment to cooperation in the development of Kazakhstan’s renewables sector, including through the development of a ...

The post UAE and Kazakhstan sign agreements to develop 1GW of renewables capacity appeared first on SaudiGulf Projects.The UAE and Kazakhstan signed an agreement outlining a commitment to cooperation in the development of Kazakhstan’s renewables sector, including through the development of a large-scale wind power project with a 1 GW capacity.

Kassym-Jomart Tokayev, President of the Republic of Kazakhstan, oversaw the signing of the agreement between the Kazakhstan Ministry of Energy and the UAE Ministry of Energy and Infrastructure.

A Joint Development Agreement was also signed between Abu Dhabi Future Energy Company (Masdar), the UAE’s clean energy champion, who will spearhead the project, W Solar, Qazaq Green Power QGP (a Samruk-Kazyna Group company), and the Kazakhstan Investment Development Fund to develop and implement a 1GW wind project.

This project will play an important role in strengthening cooperation between the two countries as well as in accelerating Kazakhstan’s energy transition and its ambitions to increase renewable capacity to 15 percent of its energy supply by 2030.

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