Acwa Powers inks an agreement with Kazakhstan for a wind farm + BESS facility
Acwa Power and Kazakhstan work on wind power and BESS: KSA’s Acwa Power signed an agreement with Kazakhstan’s Sovereign Wealth Fund (Samruk-Kazyna) and the Kazakh Energy Ministry to build and manage a 1 GW wind farm and a battery energy storage (BESS) facility, Okaz reports. The timeframe and investment ticket of both projects were not disclosed.
Kazakhstan is on a renewables roll: UAE’s Masdar inked an agreement with the country to develop a 1 GW wind farm in January, establishing its first project in the Central Asian country. The agreement was inked with the Kazakh Energy Ministry and the Kazakhstan Investment Development Fund to jointly develop the project, with an initial phase producing 500 MW of generational capacity and the added inclusion of potential battery storage facilities.