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Acwa Power will build a 1 GW wind farm in Kazakhstan’s Zhetysu region, according to a statement by the Kazakh presidency. The agreement was inked by Energy Minister Prince Abdulaziz bin Salman, who was visiting the Central Asian country to explore prospects of cooperation. The value of the investment was not disclosed.
What we know:The agreement sees renewable energy giant Acwa Power leading a consortium to set up the planned wind power project, according to Renewables Now. The project will help Kazakhstan meet a 50% target of supplying energy needs from clean energy resources by 2050. Construction is slated to begin in the summer of 2025.
All part of a big plan: The project comes under an executive cooperation agreement signed by the Energy Ministry and Kazakh counterpart Almasadam Satkaliyev to develop renewable energy projects in the country. Under the umbrella of an MoU on energy cooperation signed in June 2023, the cooperation program is geared toward advancing energy security and tackling climate change impacts in both nations by implementing projects in the fields of green energy storage and production.
And that’s not all from Acwa Power: Uzbek President Shavkat Mirziyoyev signed off earlier this month a decree on the development of two wind power plants by Acwa Power in the country. The first 500 MW plant will be built in Karakalpakstan republic, while the other 300 MW will be set up in the Bukhara region’s Gijduvan.
