2023-06-12 14:16:41
The Abu Dhabi Future Energy Company, Masdar, has announced the signing of an agreement with the Ministry of Energy, the Investment and Development Fund Management Company in Kazakhstan, and the Samruk Kazania Company, a shareholder in the Kazakh Sovereign Wealth Fund, to develop a road map for the development of a wind power plant with a production capacity of 1 gigawatt. A battery system for energy storage in Kazakhstan.
The agreement was signed in the presence of the Minister of Energy and Infrastructure, Suhail bin Muhammad Faraj Faris Al Mazrouei, on the sidelines of the activities of the “Astana Energy Forum”, at a time when the project will contribute to supporting the achievement of Kazakhstan’s goal of generating 50% of the energy mix from renewable sources by 2050.
Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, President-designate of the Conference of the Parties COP28, Chairman of the Board of Directors of Masdar, Dr. Sultan bin Ahmed Al Jaber, said: “In line with the leadership’s vision and directives to support and promote sustainable development and the development and deployment of renewable energy solutions to reduce emissions and stimulate climate action around the world, we are pleased Signing this important agreement with our partners in friendly Kazakhstan, to set a road map for the development of a wind power plant with a production capacity of 1 GW.
He added, “The UAE and Masdar Company are proud to contribute to supporting the government’s endeavors in Kazakhstan to achieve its ambitious goals in the field of renewable energy.”
Al-Jaber stressed the importance of this vital project, which will contribute to providing clean energy, reducing emissions and accelerating the pace of sustainable development. As part of our relentless efforts to ensure a sustainable and emissions-free future for all.
For his part, CEO of Masdar, Mohammed Jamil Al-Ramahi, said: “(Masdar) is looking forward to developing a wind power plant and a battery system for energy storage, according to the highest levels of efficiency and operational performance, which contributes to supporting the aspirations of the government in Kazakhstan related to the transformation of energy and achieving climate neutrality.
He stressed that “the agreement comes within the framework of strengthening partnerships with Kazakhstan, and reflects Masdar’s commitment to providing all forms of support to the Kazakh government in order to achieve its goals in the field of clean energy.”
In turn, the CEO of the Investment and Development Fund in Kazakhstan, Marat Tulipayev, said: “The fund is a government company established to mitigate risks and provide all facilities for foreign investors and world-leading companies such as (Masdar), by promoting joint investments in projects.”
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 closing process to finance the development of three solar photovoltaic projects with a total production capacity of 900 megawatts in Uzbekistan. .
In Azerbaijan, Masdar is developing the Karadakh photovoltaic solar plant with a production capacity of 230 megawatts. It has also signed agreements to develop onshore wind and solar power plants and integrated offshore wind and green hydrogen projects with a total capacity of 4 gigawatts.
Founded in 2006, Masdar is a world-leading Emirati company in the field of clean energy, active in more than 40 countries, investing in a portfolio of renewable energy projects with a total production capacity of more than 20 gigawatts, and looking forward to producing at least 100 gigawatts of renewable energy. by 2030.
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