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Italy's Eni, GE to embark on 50-MW wind project in Kazakhstan

Wind farm. Author: Dirk Ingo Franke. License: Creative Commons, Attribution-ShareAlike 2.0 Generic

June 13 (Renewables Now) - Italian oil and gas major Eni SpA (BIT:ENI) said on Tuesday it has taken the final investment decision to build a 50-MW wind farm in Kazakhstan under a partnership with US conglomerate General Electric (NYSE:GE).

The Badamsha wind project, to be located in northwestern Aktobe Oblast, will be Eni’s first large-scale investment on the wind market. The Italian group intends to commence construction in the coming months, with the aim of bringing the plant online by end-2019.

Once completed, the wind park will be able to produce around 198 GWh of electricity per year.

The wind project will be implemented under a Memorandum of Understanding between Eni and GE to promote the development of renewables in Kazakhstan. The plan aligns with the Asian Republic’s long-term goal to source from renewables and alternative energy plants 50% of its electricity consumption by 2050.

Eni’s current renewable energy project portfolio includes solar, wind and hybrid projects, worth EUR 1.2 billion (USD 1.4bn), the company said.

(EUR 1.0 = USD 1.175)

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Browse all articles from Veselina Petrova

Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.

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