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PROJECT UPDATE- Masdar signs investment agreement for 1 GW Kazakhstan wind farm: UAE renewables giant Masdar and its partners — W Solar, Qazaq Green Power QGP, and the Kazakhstan Investment Development Fund — signed an investment agreement with Kazakhstan’s government to develop for their 1 GW wind farm in Kazakhstan, according to a press release. The agreement was signed on the sidelines of COP29.
About the plant: The wind farm will have a 600 MWh capacity Battery Energy Storage System (BESS) and will be located in the Jambyl region. Constriction is set to begin in Q1 2026. Once completed, the plant is expected to produce enough power for 300k homes in south Kazakhstan to offset 2 mn tons of emissions per annum.
Timeline and impact: The construction will commence in 1Q 2026, and when completed, it will provide power to 300k homes in the south of Kazakhstan, eliminating 2 mn tons of annual carbon emissions. The new facility is located in the Jambyl region, and will feature a 600 MWh battery energy storage system.
REMEMBER- The company signed a joint development agreement (JDA) with W Solar, Qazaq Green Power QGP — owned by Kazakh sovereign wealth fund Samruk-Kazyna — and the Kazakhstan Investment Development Fund to develop the wind farm in December 2023 as part of a slate of agreements signed during COP28. The project marks Masdar’s first entry into Kazakhstan.
Masdar has been heavily investing in Asian green energy projects, signing an agreement with Malaysia to proceed with the development of 10 GW worth of clean energy projects late last year. The company is also developing a 2 GW wind farm and 250 MW solar plant in Uzbekistan, as well as 1 GW worth of solar and wind projects in Azerbaijan. The company is also developing projects in Indonesia, including a plan to triple the size of its Cirata 145 MW floating solar plant and to explore green hydrogen projects. It also signed an agreement with Kyrgyzstan’s Ministry of Energy to establish 3.6 GW of hydropower and renewable energy projects.
