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Masdar has signed an agreement related to the development of a wind power plant with up to 1 gigawatt (GW) total capacity in the Republic of Kazakhstan.
Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, signed an agreement with Bolat Akchulakov, the Minister of the Kazakh Ministry of Energy, and Nurlan Zhakupov, Chief Executive Officer of Kazakhstan Investment Development Fund (KIDF) Management Company. As per the agreement, the three parties will jointly develop up to 1GW wind power project, with the first phase focused on deploying a capacity of 500MW with the possible inclusion of battery storage.
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