UAE-based Masdar has signed an investment agreement to develop a 1 GW wind energy project in Kazakhstan’s Jambyl region, which will also include a 600 MWh Battery Energy Storage System (BESS). Construction is set to begin by early 2026.
The agreement, made between Masdar’s partner W Solar, Qazaq Green Power (a subsidiary of Kazakhstan’s Samruk-Kazyna sovereign wealth fund), and the Kazakhstan Investment Development Fund, was finalized at COP29 in Baku, Azerbaijan. The wind project is expected to power around 300,000 homes and offset approximately 2 million tons of carbon emissions annually. This initiative aligns with Kazakhstan’s goal to incorporate 15% renewable energy in its energy mix by 2030 and to achieve net-zero emissions by 2060.
This project, set to become one of the largest wind farms in the Commonwealth of Independent States (CIS), marks Masdar’s first venture in Kazakhstan, furthering the company’s global renewable energy ambitions. Masdar, founded in 2006, aims to expand its renewable energy portfolio to 100 GW by 2030 and has projects across more than 40 countries. Recently, it also partnered with Taaleri Energia to acquire hybrid renewable energy projects in Poland and secured a deal with Dubai Electricity and Water Authority for the 1.8 GW Mohammed bin Rashid Al Maktoum Solar Park’s sixth phase.
