According to a statement from Masdar, the agreement was signed with the Ministry of Energy, the management company of the investment and development fund of Kazakhstan and Samruk Kazania, shareholder of the Kazakh sovereign wealth fund.
The new wind power plant will be equipped with a battery system to store energy, and the first phase of it will be developed in the Gambil region. The project will contribute to helping Kazakhstan achieve its goal of producing 50 percent more energy from renewable sources by 2050, the statement said.
Dr. Sultan bin Ahmed Al-Jaber, Minister of Industry and Advanced Technologies, President Designate of COP28 Conference, Chairman of the Board of Masdar, said the wind power project in Kazakhstan is of significant importance. vital as it helps provide the country with clean energy, reduce emissions and accelerate the pace of sustainable development.
He added: “The world must urgently redouble its efforts and take concrete steps to triple the productivity of renewable energy sources by the end of the current decade, in order to preserve the possibility of reaching the Paris Climate Agreement target of avoiding global warming of 1.5 degrees Celsius.”
Kazakhstan has set itself the goal of achieving climate neutrality by 2060 and for renewable energy to make up 50% of its energy mix by 2050.
Central Asia is a major strategic destination for Masdar due to its abundance of solar and wind energy sources. Last April, Masdar announced the completion of the financial close process to fund the development of three solar PV projects with a total generating capacity of 900 megawatts in Uzbekistan. . When they start operating, these projects will provide electricity to more than one million homes and help avoid the release of more than one million tons of carbon emissions per year, making them the most large program for the development of solar energy projects in the Central Asian region.
In Azerbaijan, Masdar is developing the Karadakh solar photovoltaic power plant with a production capacity of 230 megawatts, and has also signed agreements to develop onshore wind and solar power plants and integrated offshore wind and green hydrogen projects in a total capacity of 4 gigawatts.
Founded in 2006, Masdar is a world-leading Emirati clean energy company, active in over 40 countries, investing in a portfolio of renewable energy projects with a total generation capacity of over 20 gigawatts, and eager to produce at least 100 gigawatts of renewable energy by 2030.
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