How will Kazakhstan's 1GW wind and battery storage project impact society?
The signing today exemplifies the remarkable progress of the 1GW wind and battery storage project, setting the stage for Kazakhstan's stride towards its clean energy ambitions. The transformative project will have a profound impact on the country's socioeconomic landscape, and we are truly honoured to be an integral part of this journey.
Who signed the energy agreement in Kazakhstan?
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.
Will ACWA Power Invest in Kazakhstan?
With the head of terms agreement announced earlier this year, the 1GW wind project represents ACWA Power's entry into Kazakhstan, and with an investment tag of US$1.5 billion, marks the biggest Saudi investment in Kazakhstan's power sector to date.
Why do we thank Kazakhstani government & Saudi Arabia?
Our appreciation goes to the Kazakhstani government and the visionary leadership of HRH Prince Abdulaziz bin Salman Al Saud, Minister of Energy of the Kingdom of Saudi Arabia, for their unwavering support, invaluable guidance and unparalleled commitment.
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