Masdar has signed a roadmap to develop a massive 1 gigawatt (GW) wind power plant in Kazakhstan.
The strategic move aims to support Kazakhstan’s ambitious goal of achieving 50% renewable energy in its energy mix by 2050.
This venture marks Masdar’s first project in Kazakhstan and is a significant step toward achieving the country’s aim of becoming carbon neutral by 2060 and generating 50% of its electricity from renewable sources by 2050.
The signing of the roadmap took place during the Astana International Forum.
The signatories of the agreement are Masdar, the Ministry of Energy of the Republic of Kazakhstan, the Kazakhstan Investment Development Fund (KIDF) Management Company Ltd., and Samruk-Kazyna, a sovereign wealth fund.
In addition to the wind project, Masdar and Samruk-Kazyna also signed a collaboration agreement, further solidifying their partnership.
Mohamed Jameel Al Ramahi, CEO of Masdar said that Masdar would deliver a top-notch wind plant and battery energy storage system that will accelerate the country’s energy transition and its journey towards net-zero emissions.
Masdar’s strategic focus on the Central Asian region is evident in its recent achievements, including reaching financial close on three solar power projects in Uzbekistan with a combined capacity of 900 MW.
Additionally, the company is actively developing the 230 MW Garadagh solar power plant in Azerbaijan, along with multiple onshore and offshore wind projects.
Since its establishment in 2006, Masdar has become a global leader in the clean energy sector.
