Tag: Kazakhstan

<strong>ACWA Power to develop 1 GW renewable energy project in Kazakhstan</strong>

ACWA Power to develop 1 GW renewable energy project in Kazakhstan

March 6, 2023 |

ACWA Power, based in Saudi Arabia, has agreed to construct a 1 GW wind and battery storage project in Kazakhstan. The company inked a project deal with the Kazakhstan government and the country’s sovereign wealth fund, Samruk-Kazyna. By this agreement, ACWA Power enters Kazakhstan’s renewable energy market. The company has also pledged to make an initial $1.5 billion investment to promote national climate action, the integration of renewable energy sources, and sustainable growth.

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Eurasian Resources Group to construct $230 million wind farm 

Eurasian Resources Group to construct $230 million wind farm 

August 24, 2022 |

Eurasian Resources Group (ERG), a mining firm with headquarters in Luxembourg, has announced plans to invest around $230 million in the construction of a 155 MW wind farm in Kazakhstan. The wind farm, which spans more than 150 hectares of land near the town of Khromtau, will go into operation in 2024. A total of 300 employments will be created by the project during construction, and 30 additional permanent jobs will be added after it is put into operation.

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Russia’s Hevel Solar wins highest capacity in Kazakhstan solar auction

Russia’s Hevel Solar wins highest capacity in Kazakhstan solar auction

December 14, 2020 |

The new contracts will help increase Hevel’s solar portfolio in the country to 288 MW, with the two new projects expected to come online in 2022. With a current operational solar portfolio in Kazakhstan of eight facilities that have a total capacity of more than 248 MW, Hevel is looking to expand its presence in the country both by participating in auctions and acquiring projects from other companies.

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