The UAE renewable energy company Masdar has signed an investment agreement with the Kazakh Government for the development of a 1 GW wind power project to be built in the Jambyl region of southern Kazakhstan. The deal was signed on the sidelines of COP29 in Baku (Azerbaijan).
The wind project, which will also feature a 600 MWh Battery Energy Storage System (BESS), is being co-developed by W Solar, Qazaq Green Power (a Samruk-Kazyna Group company), and the Kazakhstan Investment Development Fund, with Masdar as the lead developer. Construction of the wind park is expected to start in early 2026. Once completed, it will provide electricity to approximately 300,000 Kazakh households and offset emissions by about 2 MtCO2/year.
In January 2024, Kazakhstan unveiled a plan to develop 26 GW of additional installed capacity 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. 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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