UAE’s Masdar inks deal for 1 GW wind project

Masdar Signs Landmark Agreement for 1 GW Wind Energy Project in Kazakhstan

Masdar, a renewable energy business located in the United Arab Emirates, has landed a significant investment deal to build a 1 GW wind energy project in Kazakhstan’s Jambyl area. Including a 600 MWh Battery Energy Storage System (BESS), the project is expected to be one of the largest wind farms in the Commonwealth of Independent States (CIS). Construction is expected to begin in early 2026.

The agreement was reached in collaboration with Masdar’s partners W Solar, Qazaq Green Power (a division of Kazakhstan’s sovereign wealth fund Samruk-Kazyna) and the Kazakhstan Investment Development Fund, and was signed during the ongoing COP29 summit in Baku, Azerbaijan.

.The initial contract for the project was signed in January 2023.

When the wind farm is operational, it should power 300,000 homes and reduce carbon emissions by 2 million tons per year. Efforts to reduce Kazakhstan’s carbon footprint are in line with this important renewable energy project. With the long-term objective of achieving net-zero emissions by 2060, the nation has set ambitious goals to attain 15% of its energy mix from renewable sources by 2030.

The project marks Masdar’s first venture in Kazakhstan, reinforcing the company’s global commitment to renewable energy development. Founded in 2006, Masdar currently operates in more than 40 countries and has set a target of 100 GW of renewable energy capacity by 2030. Along with this wind project, Masdar has recently made deals and acquisitions that expand its global portfolio. These include a major solar initiative in Dubai and hybrid renewable energy projects in Poland.

Masdar’s participation in Kazakhstan demonstrates both its core goal of promoting large-scale renewable projects globally and its strategic focus on helping the nation transition to sustainable energy.