The governments of Saudi Arabia and Kazakhstan have signed an executive cooperation programme that will enable the construction by the Saudi company ACWA Power of a 1 GW onshore wind project in Kazakhstan. The onshore wind park will be developed in the Zhetysu region of eastern Kazakhstan. The project, which will require an investment of US$1.5bn, is expected to be completed by 2027 and will include a battery energy storage system (BESS).
The agreement follows the signing in 2023 of a memorandum of understanding between the two countries outlining cooperation in renewable energy.
At the end of 2022, wind power accounted for 4% of Kazakhstan’s installed capacity with 1.1 GW. In January 2024, Kazakhstan unveiled a plan to develop 26 GW of additional installed capacity in Kazakhstan by 2035. 5.6 GW of the new planned capacity would come from the refurbishment and expansion of existing power plants, while the rest will come from new power plants (6.7 GW of which will be auctioned). The plan targets a 2035 installed capacity mix made up of 34.3% of coal, 25.8% of gas, 24.4% of renewables (solar and wind), and 10.8% of hydropower.
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