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ACWA Power Inks USD 1.5 Billion Wind and Battery Storage Project in Kazakhstan

This project not only enables a major tie-up between Saudi Arabia and Kazakhstan but also contributes to ACWA Power’s worldwide portfolio of power generation, water desalination, and green hydrogen plants.

June 17, 2023. By EI News Network

Saudi Arabia-based ACWA Power has inked a roadmap agreement with the Ministry of Energy of Kazakhstan and Samruk-Kazyna for the development of a 1 GW wind energy and battery storage project in Kazakhstan.

The project is scheduled for completion by the year 2027.

By deploying wind turbines and battery storage, the company aims to commence new opportunities in emissions abatement, supporting climate action and sustainable development and energy transition.

This project not only enables a major tie-up between Saudi Arabia and Kazakhstan but also contributes to ACWA Power’s worldwide portfolio of power generation, water desalination, and green hydrogen plants.

The development of the new project comes as countries focus on diminishing emissions to reach net-zero targets in the upcoming decades.

Kazakhstan targets to become carbon neutral by 2060 and has set a renewable electricity generation aim of 50 percent by 2050.

Marco Arcelli, Chief Executive of Acwa Power said, “The signing today exemplifies the remarkable progress of the project, setting the stage for Kazakhstan's stride towards its clean energy ambitions”.

The company operates in 12 countries across the Middle East, Africa, Central and South-East Asia.

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