Saudi Arabia’s energy group ACWA Power has entered into an agreement with the Kazakh Ministry of Energy and the Samruk-Kazyna Sovereign Wealth Fund to develop a 1 GW wind power project in the Zhetysu region of south-eastern Kazakhstan. Construction of the wind power plant is expected to begin in 2025.
In December 2022-January 2023, the Kazakh Ministry of Energy and the Samruk-Kazyna Sovereign Wealth Fund also signed agreements with UAE’s Masdar and France’s TotalEnergies to develop two 1 GW wind projects in the country. Kazakhstan has also partnered with Sweden’s Svevind to develop a 20 GW green hydrogen plant in the Mangistau region, with electrolysers powered by 0 GW of wind and solar PV plants.
At the end of 2021, wind power represented 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% (only wind and solar) in 2020, 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). Moreover, in 2020, the government of Kazakhstan announced an unconditional target to reach carbon neutrality by 2060.
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