SVEVIND to Develop Wind & Solar Power for Hydrogen in Kazakhstan
KazakhstanSVEVIND

SVEVIND to Develop Wind & Solar Power for Hydrogen in Kazakhstan

The German investor and project developer SVEVIND Energy GmbH and Kazakh Invest National Company JSC have signed a memorandum of

The German investor and project developer SVEVIND Energy GmbH and Kazakh Invest National Company JSC have signed a memorandum of understanding regarding SVEVIND’s plan to develop and realise mega-sized facilities for producing green hydrogen by utilising the vast resources of wind and solar power in the Republic of Kazakhstan. SVEVIND plans to install wind and solar farms with a total capacity of 45 gigawatt in mainly steppe areas in Western and Central Kazakhstan. The green electricity will feed 30 GW of electrolysers to produce about three million tonnes of green hydrogen every year. The green hydrogen can either be exported directly to the ever-growing Eurasian markets or used locally to produce high-value green products, like ammonia, steel or aluminium.

SVEVIND presented its plans to the Kazakh Government during governmental consultations in Nur-Sultan on May 18 and 19. The overall development, engineering, procurement and financing phases are expected to take about three to five years. Construction and commissioning phases are predicted to take approx. five years.

KAZAKH INVEST is a national investment promotion agency of the Republic of Kazakhstan, the unified negotiator that provides one-stop-shop services to support investment activities from the initiative all the way to project implementation stage. KAZAKH INVEST’s mission is to promote the sustainable socio-economic development of the Republic of Kazakhstan by attracting foreign investment in priority sectors of the economy and provide comprehensive support to investment projects. Since December 26, 2018 and by Decree of the President of the Republic of Kazakhstan “On Measures for Further Improvement of the Government of the Republic of Kazakhstan” KAZAKH INVEST is owned by the Ministry of Foreign Affairs of the Republic of Kazakhstan.

SVEVIND has been developing and realising extra-large scale onshore wind power projects in Scandinavia since 1998. The “Markbygden 1101” cluster of connected wind farms in Northern Sweden, west of the city of Piteå, is the largest wind farm in Europe, having already reached the 1 GW milestone of operational wind turbines earlier this year with 1.5 GW of wind turbines under construction. SVEVIND attracted approx. EUR2.8bn of equity and long-term debt to finance those wind farms in operation or under construction. Once completed, the Markbygden 1101 wind farm cluster will provide around 8% of Sweden’s current electricity consumption.

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