Major energy companies from the United Arab Emirates (UAE) and Saudi Arabia have signed deals advancing plans for 1GW wind farms in Kazakhstan.
Saudi private energy company ACWA signed a "roadmap" agreement for a 1GW wind farm with Kazakhstan’s ministry of energy, the Kazakh Investment Development Fund, and the Samruk-Kazyna sovereign wealth fund. It explained that the agreement provides "a clear direction for the formalisation of processes and paving the way for construction".
It will also explore developing a battery storage system alongside the wind farm.
ACWA claimed the planned $1.5 billion project would represnt the biggest ever Saudi investment in Kazakhstan’s power sector.
Meanwhile, UAE state-owned renewables developer Masdar announced on Monday (12 June) it had also signed a roadmap agreement with the same three bodies to develop a 1GW wind farm in Kazakhstan. It had previously announced its intentions to develop the wind farm in the central Asian country in January.
Masdar will also build a battery energy storage system alongside the wind farm.
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