- Published: 15 June 2023 15 June 2023
ACWA Power has announced the signing of the Roadmap Agreement with the Ministry of Energy of Kazakhstan and Samruk-Kazyna, Kazakhstan's Investment Development Fund and sovereign wealth fund, for the 1 GW wind energy and battery storage project within the Central Asian country.
The agreement was signed by H.E. Almassadam Satkaliyev, Minister of Energy of the Republic of Kazakhstan; Nurlan Zhakupov, CEO of Samruk-Kazyna; Basil Yernat Duisenbekuly, Deputy Governor of the Zhetysu region; and Marco Arcelli, CEO of ACWA Power. The 1 GW wind project represents ACWA Power's entry into Kazakhstan, with an investment tag of US$1.5 billion and completion scheduled for 2027.