The Saudi energy company ACWA Power has signed a roadmap agreement with the Kazakh Ministry of Energy and Samruk-Kazyna, Kazakhstan's Investment Development Fund and sovereign wealth fund, for the development of a 1 GW onshore wind power plant in the Zhetysu region of eastern Kazakhstan. The project will include a battery energy storage system (BESS). The project will require an investment of US$1.5bn and is expected to be completed by 2027.
Earlier in June 2023, the UAE’s Masdar also signed a roadmap agreement with the Kazakh Ministry of Energy and Samruk-Kazyna for the development of another 1 GW wind power plant with BESS, to be constructed int Jambyl region (southern Kazakhstan).
At the end of 2021, wind power accounted for 4% of Kazakhstan’s installed capacity with 1.2 GW. Kazakhstan's 2050 Strategy (2013) aims to raise the share of non-fossil energies (nuclear, hydro, solar, and wind) from 3% in 2020 (only wind and solar) to about 30% by 2030, and 50% of the country's total energy consumption by 2050. In May 2021, the government raised the target on the share of renewables in the power mix from 10% to 15% by 2030 (11% reached in 2021). In 2020, the government of Kazakhstan announced an unconditional target to reach carbon neutrality by 2060.
Interested in Power Plants?
Enerdata has developed a market research service to screen, monitor and analyse the development of power generation assets.
Power Plant Tracker offers an interactive database and a powerful search engine covering power plants worldwide – including both installed and planned capacities for renewables and fossil fuels.