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Energy Library

Theme(s): Energy Outlook

Source: Zawya

Abu Dhabi Future Energy Company – Masdar has signed a roadmap for developing up to 1 gigawatt (GW) wind power plant in Kazakhstan to support the country’s goal of achieving half its energy mix from renewables by 2050.

The Central Asian country is a key strategic market for Masdar, the UAE’s flagship renewable energy company, which has been steadily investing in the region in recent years. The roadmap for developing the up to 1 GW wind project with a battery energy storage system (BEES) was signed by four partners on the sidelines of the Astana International Forum.

Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, witnessed the signing. The agreement was signed by Masdar; the Ministry of Energy of the Republic of Kazakhstan; the Kazakhstan Investment Development Fund (KIDF) Management Company Ltd.; and Samruk-Kazyna, a joint stock company sovereign wealth fund.