The governments of the United Arab Emirates and the Republic of Kazakhstan have announced the signing of an agreement outlining a commitment to cooperation in the development of Kazakhstan’s renewables sector. This includes the development of a large-scale wind power project with a 1GW capacity.
The signing between the Kazakhstan Ministry of Energy and the United Arab Emirates Ministry of Energy and Infrastructure took place at COP28, which His Excellency Kassym-Jomart Tokayev, President of the Republic of Kazakhstan, oversaw.
Alongside this, a Joint Development Agreement was signed between Abu Dhabi Future Energy Company (Masdar) – the UAE’s clean energy champion, who is set to spearhead the project – W Solar, Qazaq Green Power QGP (a Samruk-Kazyna Group company), and the Kazakhstan Investment Development Fund, to develop and implement a 1GW wind project.
Minister of Energy of the Republic of Kazakhstan, His Excellency Almassadam Satkaliyev, commented: “The government agreement for the development of a 1 GW large-scale wind power project that we are signing today is in line with the policy of the Republic of Kazakhstan to combat global climate change, including by achieving carbon neutrality by 2060. We are highly interested in fostering our mutually beneficial cooperation with our UAE colleagues, aimed at promoting innovation in the field of renewable energy.”
The UAE Minister of Energy, His Excellency Suhail Al Mazrouei, said: “The UAE and Kazakhstan have a strong track record of co-operation and collaboration in the energy space. We are pleased to strengthen this partnership with today’s agreement, and look forward to working closely with our friends in Kazakhstan on promoting energy security and the green transition. In particular, this 1GW wind project, led by Masdar, will make an important contribution to increasing the country’s energy security and renewables capacity.”
Masdar Chief Executive Officer Mohamed Jameel Al Ramahi said: “We are delighted to move forward with our first project in Kazakhstan and to help the country meet its ambitious renewable energy targets. Masdar has a track record of delivering world-class renewables projects globally, and we are confident that this wind project will be transformative for the surrounding regions. We look forward to continuing our work with the Government of Kazakhstan, as well as our partners at Qazaq Green Power, the Kazakhstan Investment Development Fund, and W Solar. We are excited to see how our projects across the region continue to develop.”
W Solar Chief Executive Officer Muhammad Zafar added: “This project in Kazakhstan is not just about energy generation, but about low carbon, safe and sustainable energy supplies and contributing to a greener planet.”
Chairman of the Board of Samruk-Kazyna, Nurlan Zhakupov, said: “Low-carbon development is one of the main goals of Samruk-Kazyna. We have approved the Concept of Low-Carbon Development, which includes such directions as the diversification of the energy balance through alternative energy sources and the development of electricity accumulation and storage systems. Our wind power plant project with Masdar is a notable example of our efforts towards carbon neutrality. It is of great importance for us and for the country as a whole.”
Qazaq Green Power PLC Chief Executive Officer Yernar Zhanadil said: “We are thrilled to join forces with Masdar, W Solar, and KIDF in this momentous partnership. This collaboration underscores our dedication to driving meaningful change and innovation in the renewable energy landscape. This strategic alliance exemplifies a shared commitment to combatting climate change and underscores the proactive approach of the involved entities toward a sustainable future.”
Kazakhstan Investment Development Fund Chief Executive Officer Marat Tulebayev shared: “We are happy to support Masdar and W Solar as partners, alongside Qazaq Green Power, in the development of this large-scale wind project. We hope to see the successful implementation of the project according to the milestones set by the parties. Being a state fund aimed at attracting foreign direct investment to our country, Kazakhstan Investment Development Fund is fully committed to supporting foreign investors wishing to implement projects in Kazakhstan that will contribute to our country’s development.”