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 realize mega-sized facilities for producing green hydrogen by utilizing wind and solar power in the Republic of Kazakhstan. SVEVIND plans to install wind and solar farms with a total capacity of 45 gigawatt (GW) in mainly steppe areas in Western and Central Kazakhstan. The green electricity will feed 30 GW of electrolyzers to produce about three million tons of green hydrogen every year. The green hydrogen can either be exported directly to growing Eurasian markets or used locally to produce high-value green products, like ammonia, steel or aluminum.
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.
“Hydrogen energy is very productive, technological and efficient to use. This energy resource can be used in transport, everyday life, energy and the railway industry. All of this contributes to the advancement of low-carbon development. The promotion of low-carbon development is in line with the strategic direction of development of the Republic of Kazakhstan and the obligations undertaken in the framework of international agreements. Through the development of hydrogen energy, Kazakhstan can get its niche in the world supply of hydrogen”, noted Mr. Meirzhan Yussupov, Chairman of the Board of Kazakh Invest and member of the Board of Directors.
SVEVIND`s majority owner and CEO Mr. Wolfgang Kropp said “SVEVIND aims to combine the outstanding natural resources in Kazakhstan with SVEVIND’s long-time experience and passion in project development to supply Kazakhstan and Eurasia with green, sustainable energy and products, ‘powered by nature’. The green hydrogen facilities will lift Kazakhstan among the global leaders of renewable energy and hydrogen at very competitive, ultra-low production costs. We trust that for green hydrogen, Kazakhstan is the place to be.”