- Press Releases
June 28 (Renewables Now) - Germany’s Svevind Energy GmbH intends to install 45 GW of wind and solar power capacity in Kazakhstan to feed 30 GW of electrolysers that will produce green hydrogen.
The German investor and project developer has signed a memorandum of understanding (MoU) with government-controlled agency Kazakh Invest National Company JSC regarding its plan.
Once the wind and solar parks are installed, the massive complex will be powering electrolysers that will produce three million tonnes of green hydrogen annually. The output is set to be either exported to markets in Eurasia or used locally in the production of “high-value green products” such as ammonia.
The renewable power plants will be located mainly in steppe areas in Western and Central Kazakhstan.
Svevind anticipates that the entire development, engineering, procurement and financing process for the project will take between three and five years. Building and commissioning the capacity will take five years as well.
“The green hydrogen facilities will lift Kazakhstan among the global leaders of renewable energy and hydrogen at very competitive, ultra-low production costs,” said Svevind’s majority owner and CEO Wolfgang Kropp.
Kazakhstan has set a goal of lifting the portion of domestic power produced from renewable energy sources to 10% by 2030 and 50% by 2050.