China’s SPIC to Invest $1.2 Billion in Wind Farm in Kazakhstan

A 1 GW wind farm is planned for construction near the city of Ekibastuz in Kazakhstan, with Chinese energy corporation State Power Investment Corporation (SPIC) set to invest $1.2 billion in the project, Kazakhstan’s Energy Ministry said.

Representatives of the ministry and SPIC executives discussed the progress of the project, which is being developed jointly with Kazakhstan-based Pavlodar Green Energy. The wind farm is scheduled to become operational in 2029.

The project also includes the construction of an energy storage system with a power capacity of 300 MW and a storage capacity of 600 MWh.

The new wind farm is expected to increase renewable electricity generation and improve the resilience of the regional power system.

The two sides also discussed other areas of cooperation and the possibility of launching new energy projects in Kazakhstan.