Skip to content Skip to Search
Skip navigation

Masdar signs agreement for Kazakhstan windfarm

By Chris Hamill-Stewart
Kazakhstan windfarm Masdar
Abdulla Zayed, Masdar's director of business and project development, and Almassadam Satkaliyev, Kazakhstan's minister of energy, sign the investment agreement at Cop29 in Baku
  • Windfarm will generate 1GW
  • Deal signed at Cop29
  • Power for 300,000 homes

A $1.4 billion investment for the development of a 1GW windfarm in Kazakhstan has been signed between the Abu Dhabi Future Energy Company (Masdar) and Kazakhstan’s Ministry of Energy.

The agreement, signed at Cop29, the 2024 United Nations Climate Change Conference, currently taking place in Baku, Azerbaijan, builds on commitments already made between the UAE and Kazakhstan to cooperate on the central Asian country’s renewables sector.

The windfarm, in the Jambyl region in southern Kazakhstan, 500 miles from the capital, Astana, will help accelerate the country’s energy transition, said Kazakhstan’s minister of energy, Almassadam Satkaliyev.

It will also support the country’s ambitions to increase renewables capacity to 15 percent of its energy supply by 2030, and to 50 percent by 2050, and achieve carbon neutrality by 2060, he said.

The Kazakhstan windfarm will be one of the largest in the region. When completed it will provide power to approximately 300,000 homes in the south of Kazakhstan, avoiding 2 million tonnes of CO2 emissions a year. The project also features a 600 megawatt-hour battery energy storage system.

Suhail Mohamed Al Mazrouei, the UAE’s minister of energy and infrastructure, said: “We are proud to support Kazakhstan’s net-zero ambitions while in pursuit of implementing the key pillar of the historic UAE Consensus of tripling global renewable energy by 2030.”

The 1GW windfarm project is being co-developed by the Thai alternative energy company W Solar, Qazaq Green Power, part of Kazakhstan’s Samruk-Kazyna sovereign wealth fund, and the Kazakhstan Investment Development Fund, with Masdar as the lead developer.

Mohamed Jameel Al Ramahi, Masdar’s CEO, said: “With Masdar’s proven success in implementing large-scale renewable energy projects worldwide, we are confident that this 1GW windfarm will have demonstratively positive impact in its surrounding region.”

Masdar has already collaborated with governments on projects across the region, including in Armenia, Azerbaijan and Uzbekistan.

Latest articles

A data centre technician. Amazon, Google and Microsoft are also developing high-tech infrastructure in Southeast Asia

Damac to spend $3bn on data centres in Southeast Asia

Edgnex, the data centre subsidiary of Dubai’s Damac Group, is planning to invest $3 billion in sites across Southeast Asia over the next three to five years.  The investment is part of a $7 billion digital infrastructure strategy that aims to meet rising demand for artificial intelligence and cloud computing, Danish Nayar, Damac’s senior vice-president […]

City, Architecture, Building

Aldar acquires unfinished commercial tower in DIFC

Abu Dhabi’s largest developer, Aldar Properties, has acquired an unfinished commercial tower in the Dubai International Financial Centre (DIFC) for AED2.3 billion ($626 million), as it continues its expansion into its neighbouring emirate.  The tower, bought from H&H Development, has 40 floors of commercial and retail space and is due for completion in 2028.  It is […]

Britain's King Charles and Queen Camilla with the Emir of Qatar Sheikh Tamim bin Hamad Al Thani and Britain's Princess Anne, Princess Royal attend a State Banquet at Buckingham Palace, London, during the state visit to the UK of the Emir of Qatar, Britain, December 3, 2024.

Qatar to invest £1bn in UK climate tech

The Qatari and British governments have announced a spate of deals as the Gulf country’s emir arrived in the UK on a two-day state visit. Officials announced on Wednesday that Qatar will invest £1 billion ($1.27 billion) in climate technology in the UK, with British engineering firm Rolls-Royce a key beneficiary. The investment is expected […]

Muhammad Al Jasser of the Islamic Development Bank, second from left, at the United Nations Convention to Combat Desertification in Riyadh

Arab funds pledge $10bn to fight desertification

The Arab Coordination Group, an alliance of 10 development funds, is to provide $10 billion by 2030 to combat land degradation, desertification and drought, it was announced on the second day of the United Nations Convention to Combat Desertification event in Riyadh.  The commitment brings the total pledged to these interrelated causes at the two-week […]