French investor to build wind farm in southern Kazakhstan

French investor to build wind farm in southern Kazakhstan

A French investor will build a 1-gigawatt wind power plant in the Zhambyl region. Today, the members of the Mazhilis, a Lower House of the Kazakh Parliament, ratified the Special Agreement between the governments of Kazakhstan and France on cooperation in the fight against global warming. The document aimed at promoting and implementing large-scale renewable energy projects in Kazakhstan was signed in Paris a year ago. Thus, there are plans to attract around 820 billion tenge in investments, which will enable the generation of an additional 3.5 billion kWh of green energy and the reduction of annual carbon dioxide emissions by at least two million tonnes.

“The project implementation will allow to continue the development of the renewable energy sector, to achieve the adopted target indicators, namely 15 percent by 2030, for the renewable energy development growth, as well as to reduce annual carbon dioxide emissions. As you know, European countries are currently working on the introduction of carbon taxes. Additional capacities generating green energy will have a positive effect on the competitiveness of Kazakhstan’s goods in the international market,” said Almassadam Satkaliyev, Kazakh Minister of Energy.