Abu Dhabi Future Energy Company, Masdar and Samruk-Kazyna, Kazakhstan’s sovereign wealth fund, have collaborated for the development of battery energy storage system (BESS) and renewable energy projects in Kazakhstan.
Under this new agreement for renewable energy projects in Kazakhstan, His Excellency Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Chairman of Masdar, and Nurlan Zhakupov, Chief Executive Officer of Samruk-Kazyna, exchanged documents related to the collaboration agreement at the Presidential Palace in Astana.
Under the agreement to develop renewable energy projects in Kazakhstan, Masdar, the UAE’s clean energy leader, and Samruk-Kazyna will explore the development of a ‘24/7’ project that will provide up to 500 megawatts (MW) of baseload renewable energy, and BESS projects with up to 2 gigawatts (GW) capacity.
Masdar is currently developing a 1GW wind farm with a 600-megawatt-hour (MWh) BESS in Kazakhstan, set to be one of the largest wind projects in the region.
Image Via: Masdar | Cropped by GBN
HE Suhail Al Mazrouei, UAE Minister of Energy and Infrastructure, and HE Yerlan Akkenzhenov, Minister of Energy for Kazakhstan, also exchanged documents related to the ratification of the Intergovernmental Agreement (IGA) signed at COP28 in 2023 for the development of the 1GW wind project. This marks a significant milestone toward the project’s implementation.
Dr. Sultan Al Jaber UAE Minister of Industry & Advanced Technology, Chairman – Masdar
“This agreement builds on the already strong energy partnership between our two countries and will support Kazakhstan’s ambitious renewable energy objectives. By leveraging Masdar’s expertise in renewables and battery storage technology, Kazakhstan will be able to address today’s energy needs while creating new jobs, stimulating its economy and preparing for the growing demands of tomorrow. We look forward to working closely with Samruk-Kazyna and the Government of Kazakhstan to deliver sustainable, secure energy and drive socioeconomic progress.”
Nurlan Zhakupov, CEO of Samruk-Kazyna, commented that, “In line with President Tokayev’s objective of reaching carbon neutrality by 2060, Samruk-Kazyna is strengthening its efforts in low-carbon development, including through partnerships with leading international companies such as Masdar. This agreement represents a step forward toward increasing the share of renewable energy in Kazakhstan’s energy mix, using advanced technologies to support a more sustainable and resilient energy future.”
Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, said that, “Kazakhstan is a key strategic partner for Masdar andthis agreement further strengthens our presence in the country, building on the strong collaboration established through our existing 1GW wind and battery storage project in the Jambyl region. This agreement also strengthens our partnership with Samruk-Kazyna and we will continue to work closely together to support energy security, economic diversification and climate action.”
