UAE signs landmark agreements with Kazakhstan

  • Date: 03-Dec-2023
  • Source: GCC Business News
  • Sector:Real Estate
  • Country:UAE
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UAE signs landmark agreements with Kazakhstan

The UAE government has signed an agreement with the Republic of Kazakhstan to cooperate in the development of Kazakhstan’s renewables sector, including through the development of a large-scale wind power project with a 1GW capacity. Alongside this, a Joint Development Agreement was signed between Abu Dhabi Future Energy Company (Masdar), the UAE’s clean energy champion, […]The UAE government has signed an agreement with the Republic of Kazakhstan to cooperate in the development of Kazakhstan’s renewables sector, including through the development of a large-scale wind power project with a 1GW capacity.

Alongside this, a Joint Development Agreement was 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 marks Masdar’s inaugural project in Kazakhstan, Central Asia’s largest economy. It represents a significant investment in the country’s potential as a major clean energy producer and aligns with the UAE’s support for Kazakhstan’s ambitious climate action plans.

Minister of Energy of the Republic of Kazakhstan, His Excellency Almassadam Satkaliyev noted that, “The government agreement for the development of a 1 GW large-scale wind