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Masdar to develop wind farm in Kazakhstan

Technicians work on a turbine. Masdar's wind farm will help Kazakhstan meet its 50% renewables target for 2050 Siemens AG
Technicians work on a turbine. Masdar's Kazakh wind farm will help the country meet its 50% renewables target for 2050
  • Project also includes battery energy storage system
  • Central Asia is key market for UAE renewables specialist
  • Masdar working on three solar power developments in Uzbekistan

Renewable energy giant Masdar has signed a deal to develop a wind farm in Kazakhstan.

The facility will have a capacity of up to 1 gigawatt as well as a battery energy storage system.

The agreement was signed on the sidelines of the Astana International Forum and supports the country’s goal of achieving half its energy mix from renewables by 2050.

Central Asia is a key market for Abu Dhabi’s Masdar. It reached financial close on three solar power projects in Uzbekistan in April.

It is also developing a solar plant in Azerbaijan and has signed agreements for wind and green hydrogen projects in the country, which sits on the boundary between Asia and Europe.

The wind farm is Masdar’s first project in Kazakhstan and CEO Mohamed Jameel Al Ramahi said it “demonstrates our commitment to helping the Kazakh government achieve its clean energy objectives”.

Marat Tulebaev, CEO of the Kazakhstan Investment Development Fund Management Company, described the project as a “significant step forward” as the country seeks to meet “growing demand for electricity by helping to shift the energy supply model towards renewable energy sources”.

Masdar and the Kazakh authorities signed the deal in Astana last weekSupplied
Masdar and the Kazakh authorities signed the deal in Astana last week

Established in 2006, Masdar is active in more than 40 countries and has invested in a portfolio of renewable energy projects with a combined capacity of more than 20gw. It aims to reach total renewable energy capacity of at least 100gw by 2030.

Last week a consortium led by Masdar signed an agreement to secure land in Egypt to build a $10 billion, 10gw capacity wind farm.

Infinity Power, a joint venture between Masdar and Egyptian renewables business Infinity, and Hassan Allam Utilities, a Cairo-based developer and investor, signed the deal with Egypt’s New and Renewable Energy Authority.