Masdar signs a collaboration agreement with Samruk-Kazyna during the official visit of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan to Kazakhstan. The agreement will support the development of the ‘24/7’ project, providing up to 500 MW of baseload renewable energy and battery energy storage projects with up to 2 GW capacity. The ratification of an intergovernmental agreement between the UAE and Kazakhstan on the development of Masdar’s 1 GW wind farm was also announced.
Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Chairman of Masdar, and Nurlan Zhakupov, Chief Executive Officer of Samruk-Kazyna, exchanged documents related to the collaboration agreement at the Presidential Palace in Astana.
Additionally, during the ceremony, the ratification of the agreement between the governments of the UAE and Kazakhstan for the development of the 1 GW wind project was announced—a significant milestone toward the project’s implementation.
“This agreement builds on the already strong energy partnership between our two countries and will support Kazakhstan’s ambitious renewable energy objectives. By leveraging Masdar’s expertise in renewables and battery storage technology, Kazakhstan will be able to address today’s energy needs while creating new jobs, stimulating its economy, and preparing for the growing demands of tomorrow. We look forward to working closely with Samruk-Kazyna and the Government of Kazakhstan to deliver sustainable, secure energy and drive socioeconomic progress.”
– Dr. Sultan Al Jaber, UAE Minister of Industry and Advanced Technology and Masdar Chairman.
“In line with President Tokayev’s objective of reaching carbon neutrality by 2060, Samruk-Kazyna is strengthening its efforts in low-carbon development, including through partnerships with leading international companies such as Masdar. This agreement represents a step forward toward increasing the share of renewable energy in Kazakhstan’s energy mix, using advanced technologies to support a more sustainable and resilient energy future.”
– Nurlan Zhakupov, CEO of Samruk-Kazyna.
“Kazakhstan is a key strategic partner for Masdar, and today’s agreement further strengthens our presence in the country, building on the strong collaboration established through our existing 1 GW wind and battery storage project in the Jambyl region. This agreement also strengthens our partnership with Samruk-Kazyna, and we will continue to work closely together to support energy security, economic diversification, and climate action.”
-Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar.
Kazakhstan is targeting generating 15 percent of electricity from renewable energy sources by 2030 and 50 percent by 2050. Masdar signed an agreement at COP28 with W Solar and Qazaq Green Power QGP, a Samruk-Kazyna Group company, and the Kazakhstan Investment Development Fund to develop and implement the 1 GW wind project. The power purchase agreement and the investment agreement for the project were signed at COP29 in Baku last year, with construction expected to begin in 2026.
Masdar announced a significant advance in battery storage technology this year, with the launch at Abu Dhabi Sustainability Week (ADSW) of the world’s first gigascale 24/7 solar and battery storage project. Located in Abu Dhabi, the project will feature a 5.2 GW (DC) solar photovoltaic (PV) plant, coupled with a 19 gigawatt-hour (GWh) BESS to deliver up to 1 GW baseload power every day—the largest combined solar and BESS project in the world.
With abundant solar and wind resources, Central Asia is a key strategic region for Masdar. Beyond its footprint in Kazakhstan, the company has an active presence across the region, including Uzbekistan and Azerbaijan. Masdar is targeting a 100 GW global portfolio capacity by 2030.
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