Kazakhstan’s Samruk-Kazyna state fund and China’s SANY Renewable Energy (SANY RE) have commenced construction of a $114mn wind turbine component manufacturing plant in the Zhambyl region, marking a step in the country’s renewable energy sector.
The plant, set to begin operations by late 2025, will produce essential components such as nacelles, hubs, and towers for wind power plants. The project is a key initiative in Kazakhstan’s strategy to boost renewable energy production and reduce reliance on traditional energy sources.
Nurlan Zhakupov, Chairman of the Board at Samruk-Kazyna, emphasized the importance of the initiative:
“This [involves] attracting $114mn in direct foreign investment. The project will be implemented without additional loans from Kazakhstan's development institutions. The level of localization will be at least 30%. To support this, SANY RE plans to establish a new R&D center”
Samruk-Kazyna has goals to commission 6 GW of renewable energy sources by 2030 in collaboration with its partners, addressing Kazakhstan’s growing energy demands while promoting sustainable development.
SANY Renewable Energy is a division of SANY Group, a leading Chinese engineering and manufacturing company. The company’s expertise in renewable energy technology aligns with Kazakhstan’s drive for cleaner energy solutions.
Established in 2008, Samruk-Kazyna manages key strategic assets in Kazakhstan, including major corporations like Air Astana, Kazatomprom, and KazMunayGas, playing a vital role in the nation’s economic development.
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