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)