Masdar and Samruk-Kazyna to develop renewables in Kazakhstan

Masdar has signed a collaboration agreement with Kazakhstan’s sovereign wealth fund, Samruk-Kazyna, to develop renewable energy and battery energy storage system (BESS) projects in the country.

The signing was witnessed by Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan and Kazakhstan President Kassym-Jomart Tokayev.

The partners plan to launch a ’24/7′ renewable energy initiative to deliver up to 500MW of baseload clean energy, alongside BESS projects with up to 2GW of capacity. Construction is expected to begin in 2026.

Masdar is also developing a 1GW wind farm in Kazakhstan with a 600MWh BESS. The project, located in the Jambyl region, is among the largest wind initiatives in the country. The UAE and Kazakhstan governments ratified an agreement for the project during the event.

Kazakhstan aims to generate 15% of its electricity from renewables by 2030 and 50% by 2050. The country targets carbon neutrality by 2060.