ÑDz©ÌåÓý¹ÙÍøÊ×Ò³

UAE’s Masdar Signs Investment Agreement for 1 GW Wind Project
POWER & RENEWABLE ENERGY

UAE’s Masdar Signs Investment Agreement for 1 GW Wind Project

UAE-based renewable energy company Masdar has signed an investment agreement with its partners to develop a 1 GW wind energy project in Kazakhstan’s Jambyl region. The project will include a 600 MWh Battery Energy Storage System (BESS). Construction is scheduled to begin by early 2026. The investment agreement was signed between W Solar, Qazaq Green Power—a subsidiary of Kazakhstan’s sovereign wealth fund Samruk-Kazyna—and the Kazakhstan Investment Development Fund on the sidelines of the ongoing COP29 in Baku, Azerbaijan. The project, for which the first agreement was signed in January 2023, is expected to power around 300,000 homes and offset about 2 million tons of carbon emissions annually. Kazakhstan’s government has been advancing renewable energy projects to reduce its carbon footprint, targeting 15% renewables in its energy mix by 2030, with a vision of achieving net-zero emissions by 2060. The agreement represents a major investment in the country’s potential as a major clean energy producer. The project is set to be one of the largest wind farms in the Commonwealth of Independent States region. The wind project is Masdar’s inaugural project in Kazakhstan, which highlights its commitment to delivering large-scale renewable energy projects globally. Established in 2006, Masdar aims to have a renewable energy portfolio of 100 GW by 2030 and is expanding its global footprint. It has projects in over 40 countries. Last December, Masdar and Taaleri Energia, a Finland-based renewable energy developer, acquired eight hybrid renewable energy projects in Poland with a combined capacity of 1 GW from Domrel Biuro Us?ug Inwestycyjnych. Last year, Masdar signed an agreement with Dubai Electricity and Water Authority to construct and operate the sixth phase of the 1.8 GW Mohammed bin Rashid Al Maktoum Solar Park. The project will cost approximately AED5.51 billion

UAE-based renewable energy company Masdar has signed an investment agreement with its partners to develop a 1 GW wind energy project in Kazakhstan’s Jambyl region. The project will include a 600 MWh Battery Energy Storage System (BESS). Construction is scheduled to begin by early 2026. The investment agreement was signed between W Solar, Qazaq Green Power—a subsidiary of Kazakhstan’s sovereign wealth fund Samruk-Kazyna—and the Kazakhstan Investment Development Fund on the sidelines of the ongoing COP29 in Baku, Azerbaijan. The project, for which the first agreement was signed in January 2023, is expected to power around 300,000 homes and offset about 2 million tons of carbon emissions annually. Kazakhstan’s government has been advancing renewable energy projects to reduce its carbon footprint, targeting 15% renewables in its energy mix by 2030, with a vision of achieving net-zero emissions by 2060. The agreement represents a major investment in the country’s potential as a major clean energy producer. The project is set to be one of the largest wind farms in the Commonwealth of Independent States region. The wind project is Masdar’s inaugural project in Kazakhstan, which highlights its commitment to delivering large-scale renewable energy projects globally. Established in 2006, Masdar aims to have a renewable energy portfolio of 100 GW by 2030 and is expanding its global footprint. It has projects in over 40 countries. Last December, Masdar and Taaleri Energia, a Finland-based renewable energy developer, acquired eight hybrid renewable energy projects in Poland with a combined capacity of 1 GW from Domrel Biuro Us?ug Inwestycyjnych. Last year, Masdar signed an agreement with Dubai Electricity and Water Authority to construct and operate the sixth phase of the 1.8 GW Mohammed bin Rashid Al Maktoum Solar Park. The project will cost approximately AED5.51 billion

Next Story
Infrastructure Urban

MoHUA Plans New Role for Smart City SPVs

In a significant policy move, the Ministry of Housing and Urban Affairs (MoHUA) has issued an advisory encouraging the continued use and repurposing of Special Purpose Vehicles (SPVs) formed under the Smart Cities Mission (SCM). This marks a step toward sustaining urban transformation by leveraging institutional capabilities and infrastructure developed over the past decade.Initiated in 2015, the Smart Cities Mission introduced a new era of urban planning in India, with each of the 100 selected cities forming SPVs under the Companies Act, 2013. These entities, jointly owned by state government..

Next Story
Infrastructure Urban

ADB Approves $110 Million Loan to Boost Skills in Gujarat

The Asian Development Bank (ADB) has approved a USD 109.97 million (Rs 9.27 billion) results-based loan to support Gujarat’s efforts to become a global industrial hub by developing a future-ready, skilled workforce.The funding will back the Gujarat skills development programme, led by the Department of Labour, Skill Development and Employment in collaboration with Kaushalya: The Skill University (KSU). The initiative aims to equip the workforce with advanced, industry-aligned skills to meet rising employment demand in high-growth sectors.According to ADB, the programme seeks to strengthen in..

Next Story
Infrastructure Urban

SDAL Tests Rudrastra UAV and Bhargavastra Defence System

Solar Defence and Aerospace Limited (SDAL) has successfully completed a key flight test of its indigenous Hybrid VTOL UAV Rudrastra at the Pokharan Firing Range, aligning with Indian Army performance benchmarks for mission adaptability, high endurance, precision engagement, and vertical take-off and landing (VTOL) capability.The trial marks a notable achievement in India’s Aatmanirbhar Bharat initiative, underscoring advancements in home-grown military technology. The Rudrastra UAV demonstrated a mission radius exceeding 50 km with uninterrupted video relay, a total operational range of over..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement